Toronto, Ontario – December 22, 2017: Aecon Group Inc. (TSX: ARE) today announced that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving 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”).
Completion of the arrangement remains subject to other customary closing conditions for a transaction of this nature, including approval under the Investment Canada Act. Assuming the satisfaction or waiver of these closing conditions, the arrangement is expected to close by the end of the first quarter of 2018.
About Aecon
Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. For more information, please visit www.aecon.com and follow us on Twitter at @AeconGroup.