Fraud Warning: It has come to our attention that various international organizations or individuals have been offering false employment opportunities at Aecon Group Inc. These individuals will offer to fast track Canadian working visa applications in exchange for a payment. Such offers are fraudulent and intended to steal from the victims.

Aecon Group Inc. employment policies and processes in Canada involve personal interviews, and candidates who seek employment with us are never required to pay us any sum of money. To do so would be contrary to our business conduct guidelines and ethical practices. We take this matter extremely seriously and are working with the appropriate legal authorities to shut down such fraudulent schemes. Read more here
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Aecon Announces Extension of the Arrangement Agreement Outside Date

Toronto, Ontario – February 12, 2018: Aecon Group Inc. (TSX: ARE) today announced that the Outside Date for completing the Plan of Arrangement with CCCC International Holding Limited (CCCI) has been extended to March 30, 2018, by mutual agreement. The parties extended the Outside Date following receipt of a notice from the Minister of Innovation, Science and Economic Development indicating that the federal Cabinet has, under section 25.3 of the Investment Canada Act, ordered a continuation of the national security review of the proposed acquisition of Aecon by CCCI. Accordingly, the review of the proposed transaction under the Investment Canada Act is ongoing.

Posted 12 February 2018 0 comments 0 recommendations

Aecon corrects misleading information

Toronto, Ontario – February 9, 2018: Aecon Group Inc. (TSX: ARE) issued the following statement about the Company and its proposed transaction with CCCC International Holding Limited (CCCI).

“There are a number of important issues to consider with this transaction,” said John Beck, CEO. “We fully support the Government of Canada processes, as established under the Investment Canada Act and the Competition Act. Over the last several months, Aecon and CCCI have been answering a number of valid and important questions about all aspects of our business and the Canadian market. The Competition Bureau has cleared the transaction and we continue to respond to officials from the Investment Review Division. But in order for this process to work properly, it is important that elected officials and the public have accurate information. Unfortunately, we have seen a series of false and misleading claims made by third parties and reported in the media. We feel compelled to set the record straight.”

Posted 9 February 2018 0 comments 0 recommendations

NouvLR General Partnership preferred consortium for the Réseau express métropolitain (REM)

Toronto, ON – February 8, 2018: Aecon Group Inc. (TSX: ARE) announced today that NouvLR General Partnership (“NouvLR”) has been selected by CDPQ Infra Inc. (“CDPQ Infra”), a procurement agent for Caisse de dépôt et placement du Québec, as the preferred proponent for the engineering, procurement, and construction of the Réseau express métropolitain (“REM”). NouvLR is a consortium comprised of: Groupe Aecon Québec Ltée, Dragados Canada Inc., EBC Inc., Pomerleau Inc., and SNC-Lavalin Grands Projets Inc. 

Posted 8 February 2018 0 comments 0 recommendations
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