Aecon Extends Deadline to Complete CCCI Deal as Federal Review Continues

Aecon Extends Deadline to Complete CCCI Deal as Federal Review Continues
An Aecon employee looks at Toronto Pearson International Airport's check-in area. A Chinese state-owned enterprise is looking to acquire the Canadian construction firm, necessitating a government review. Canadian Press/AP, Tobin Grimshaw
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The deadline for Aecon Group Inc. to complete its sale to a Chinese state-owned business has been extended to July 13 as Ottawa continues its national security review of the $1.5-billion deal.

The Toronto-based construction company and acquirer CCCC International Holding Ltd. (CCCI) had faced a self-imposed deadline of Friday to close the controversial transaction.