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
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.
