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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 partnership selected as preferred proponent for Site C generating station and spillways civil works contract

Toronto, Ontario – December 21, 2017: Aecon Group Inc. (TSX: ARE) announced today that a partnership between Aecon (30%), Dragados Canada, Inc. (27.5%), Flatiron Constructors Canada Limited (27.5%), and EBC Inc. (15%) has been selected as the preferred proponent by BC Hydro to move to the next procurement phase for the Site C generating station and spillways civil works contract in northeast British Columbia.  

Posted 21 December 2017 0 comments 0 recommendations

Aecon shareholders approve plan of arrangement

Toronto, Ontario – December 19, 2017: Aecon Group Inc. (TSX: ARE) is pleased to announce that its shareholders voted today to approve the previously announced Plan of Arrangement pursuant to which CCCC International Holding Limited (CCCI) will acquire all of the issued and outstanding common shares of Aecon (the "Arrangement"). 

Posted 19 December 2017 0 comments 0 recommendations

Bruce Power contracts major industry suppliers for steam generator replacement project

Kincardine, Ontario  December 12, 2017: A fully integrated joint venture formed among AECOM, Aecon and AREVA NP – the Steam Generator Replacement Team (SGRT) – today signed a contract valued at more than $130 million to replace steam generators at Unit 6 of the Bruce Nuclear Generating Station in Ontario, Canada. 

Posted 12 December 2017 0 comments 0 recommendations

Aecon provides update on proposed transaction with CCCI

Toronto, Ontario – December 8, 2017: Aecon Group Inc. (TSX: ARE) today announced the receipt of two regulatory approvals in respect of the acquisition by CCCC International Holding Limited (CCCI) of all of the issued and outstanding common shares of Aecon for $20.37 per share in cash.  The Commissioner of Competition has issued a “no action” letter in respect of the acquisition, the receipt of which satisfies the Competition Act approval requirement of the Arrangement Agreement.  In addition, Aecon has been advised by CCCI that CCCI has received approval from the National Development and Reform Commission to proceed with the acquisition, which was also a condition of closing.

Posted 8 December 2017 0 comments 0 recommendations

Aecon reports third quarter 2017 results

Toronto, Ontario – October 26, 2017: Aecon Group Inc. (TSX: ARE) today reported results for the third quarter of 2017. “Aecon’s third quarter results illustrate the stability provided by Aecon’s diversified business model,” said John M. Beck, President and Chief Executive Officer, Aecon Group Inc. “While 2017 has presented challenges with continued soft commodity and oil markets creating less opportunity in those areas, Aecon’s strength in other sectors and significant long-term backlog, positions us well for 2018 and beyond.” 

Posted 26 October 2017 0 comments 0 recommendations

Aecon Group agrees to be acquired by CCCI for $20.37 per share

Toronto, Ontario – October 26, 2017: Aecon Group Inc. (TSX: ARE) and CCCC International Holding Limited (CCCI) today announced that they have entered into a definitive agreement under which CCCI will acquire all of the issued and outstanding common shares of Aecon for $20.37 per share in cash, representing an enterprise value of $1.51 billion.

Posted 26 October 2017 0 comments 0 recommendations

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