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Aecon Group Inc (ARE.TO)

ARE.TO on Toronto Stock Exchange

16.24CAD
25 Sep 2018
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$0.24 (+1.50%)
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Fri, May 25 2018

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)

Canada blocks Chinese takeover of Aecon on national security grounds

Canada has blocked a proposed C$1.51 billion ($1.18 billion) takeover of construction company Aecon by a Chinese state builder on national security grounds, underscoring rising wariness of Chinese firms buying up assets in Western countries.

China's CCCC says has not received notification of Aecon deal rejection from Canada

SHANGHAI China Communications Construction Co (CCCC) has yet to receive documents from the Canadian government on its rejection of the Aecon Group deal, an official in the firm's investor relations team told Reuters.

China's CCCC says has not received notification of Aecon deal rejection from Canada

SHANGHAI, May 24 China Communications Construction Co (CCCC) has yet to receive documents from the Canadian government on its rejection of the Aecon Group deal, an official in the firm's investor relations team told Reuters.

BRIEF-Canadian Government Blocks Chinese Takeover Of Aecon Group - BNN Bloomberg

* CANADIAN GOVERNMENT BLOCKS CHINESE TAKEOVER OF AECON GROUP - BNN BLOOMBERG Further company coverage:

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