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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

17.45CAD
17 Aug 2018
Change (% chg)

$0.42 (+2.47%)
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Latest Key Developments (Source: Significant Developments)

Aecon Announces Partnership With Mikisew Group Of Cos
Tuesday, 31 Jul 2018 

July 30 (Reuters) - Aecon Group Inc ::AECON ANNOUNCES PARTNERSHIP WITH MIKISEW GROUP OF COMPANIES AND MASTER SERVICE AGREEMENT FOR FORT HILLS OIL SANDS PROJECT.AECON GROUP INC - TWO INITIAL CONTRACTS AWARDED UNDER MSA ARE EXPECTED TO HAVE AN ESTIMATED AGGREGATE VALUE OF APPROXIMATELY $100 MILLION.AECON GROUP - WORK ON INITIAL PROJECTS BEGAN IN Q2 OF 2018, BOTH EXPECTED TO REACH COMPLETION IN Q2 OF 2019.  Full Article

Aecon Reports Q2 Earnings Per Share C$0.13
Friday, 27 Jul 2018 

July 26 (Reuters) - Aecon Group Inc ::AECON REPORTS SECOND QUARTER 2018 RESULTS, INCLUDING STRONG REVENUE, MARGIN AND PROFIT GROWTH, AS WELL AS RECORD BACKLOG OF $6.4 BILLION.Q2 EARNINGS PER SHARE C$0.13.Q2 EARNINGS PER SHARE VIEW C$0.09 -- THOMSON REUTERS I/B/E/S.REVENUE OF $755 MILLION FOR THREE MONTHS ENDED JUNE 30, 2018, WAS HIGHER BY $69 MILLION, OR 10 PER CENT, COMPARED TO Q2 OF 2017.RECORD BACKLOG AS AT JUNE 30, 2018 OF $6.4 BILLION.Q2 REVENUE VIEW C$676.1 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aecon Awarded Pipeline Construction Contract By Enbridge In Manitoba
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Aecon Group Inc ::AECON AWARDED PIPELINE CONSTRUCTION CONTRACT BY ENBRIDGE FOR LINE 3 REPLACEMENT PHASE 2 PROJECT IN MANITOBA.AECON GROUP INC - SA ENERGY GROUP JV HAS BEEN AWARDED A $282 MILLION CONTRACT BY ENBRIDGE PIPELINES INC.AECON GROUP INC - CONSTRUCTION IS EXPECTED TO COMMENCE IN AUGUST 2018, WITH ANTICIPATED SUBSTANTIAL COMPLETION BY END OF 2018.AECON GROUP - AWARD, COMBINED WITH AECON'S RECENT MAJOR PROJECT WINS, WILL SEE BACKLOG REACH RECORD LEVELS IN Q2 OF 2018.  Full Article

China Communications Construction Announces Termination Of Transaction To Acquire Aecon
Friday, 25 May 2018 

May 25 (Reuters) - China Communications Construction Co Ltd <601800.SS>::CHINA COMMUNICATIONS CONSTRUCTION CO LTD - ANNOUNCES TERMINATION OF DISCLOSEABLE TRANSACTION IN RELATION TO PROPOSED ACQUISITION OF AECON.RECEIVED ORDER OF GOVERNOR IN COUNCIL UNDER SUBSECTION OF INVESTMENT CANADA ACT DIRECTING NOT TO IMPLEMENT INVESTMENT.  Full Article

Government Of Canada Rejects Aecon Sale To CCCI
Thursday, 24 May 2018 

May 23 (Reuters) - Aecon Group Inc ::GOVERNMENT OF CANADA REJECTS AECON SALE TO CCCI.ARRANGEMENT BETWEEN AECON AND CCCI WILL NOT PROCEED.AECON GROUP- GOVERNOR IN COUNCIL ISSUED ORDER UNDER INVESTMENT CANADA ACT DIRECTING CCCI NOT TO IMPLEMENT ITS PROPOSED ACQUISITION OF AECON.AECON IS NO LONGER ACTIVELY PURSUING A SALE PROCESS..COMPANY HAS REINSTATED ITS SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER.SPECIAL COMMITTEE OF BOARD OF DIRECTORS HAS BEEN DISSOLVED.  Full Article

Canada Blocks China's CCCC International Holding's bid to buy aecon Group
Thursday, 24 May 2018 

May 23 (Reuters) - Aecon Group Inc ::CANADA BLOCKS CHINA'S CCCC INTERNATIONAL HOLDING'S BID TO BUY AECON GROUP -GOVERNMENT SPOKESMAN.  Full Article

Canadian Government Blocks Chinese Takeover Of Aecon Group - BNN Bloomberg
Thursday, 24 May 2018 

May 23 (Reuters) - :CANADIAN GOVERNMENT BLOCKS CHINESE TAKEOVER OF AECON GROUP - BNN BLOOMBERG.  Full Article

Aecon Says NouvLR General Partnership Finalizes Contract For Réseau Express Métropolitain Project
Friday, 13 Apr 2018 

April 12 (Reuters) - Aecon Group Inc ::NOUVLR GENERAL PARTNERSHIP FINALIZES $5 BILLION ENGINEERING, CONSTRUCTION CONTRACT WITH CDPQ INFRA FOR RÉSEAU EXPRESS MÉTROPOLITAIN PROJECT.CO'S 24 PER CENT SHARE IN THE REM PROJECT WILL ADD $1.2 BILLION TO BACKLOG IN Q2 OF 2018.  Full Article

Aecon Receives Court Approval Of Plan Of Arrangement With CCCI International
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Aecon Group Inc ::COURT APPROVES AECON PLAN OF ARRANGEMENT.AECON GROUP INC - ‍ONTARIO SUPERIOR COURT OF JUSTICE ISSUED FINAL ORDER APPROVING PLAN OF ARRANGEMENT WHERE CCCC INTERNATIONAL WILL BUY CO.AECON GROUP INC - ARRANGEMENT WITH CCCC INTERNATIONAL EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article

Aecon Group Shareholders Approve Plan Of Arrangement with CCCC International
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Aecon Group Inc ::AECON SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT.AECON GROUP - SHAREHOLDERS VOTED TO APPROVE PREVIOUSLY ANNOUNCED DEAL AS PER WHICH CCCC INTERNATIONAL WILL ACQUIRE ALL COMMON SHARES OF CO.AECON GROUP INC - APPROXIMATELY 99.40 PER CENT OF VOTES CAST BY AECON SHAREHOLDERS WERE IN FAVOUR OF PLAN OF ARRANGEMENT WITH CCCI.AECON GROUP INC - ARRANGEMENT IS EXPECTED TO CLOSE BY END OF Q1 OF 2018.  Full Article

UPDATE 5-Canada blocks China firm's takeover of Aecon on national security grounds

* Rising wariness toward China firms' overseas deals (Adds Canadian prime minister's comments, background on other China deals)