Canada Orders Deeper Security Review of Proposed Chinese Takeover of Aecon Group

Canada Orders Deeper Security Review of Proposed Chinese Takeover of Aecon Group
Navdeep Bains, Minister of innovation, science, and economic development, in a file photo from Dec. 12, 2017. THE CANADIAN PRESS/Sean Kilpatrick
|Updated:

MONTREAL—Canadian security agencies are voicing their concern about the proposed takeover of Aecon Group Inc. by a Chinese state-owned business, prompting Ottawa to order a full national security review of the deal.

“Based upon the advice we have received from national security agencies we believe that there is a potential of injury to national security,” Karl Sasseville, a spokesman for Economic Development Minister Navdeep Bains, said in an interview.