Business
Aecon completes sale of Contract Mining business to North American Construction Group
Aecon completes sale of Contract Mining business to North American Construction Group ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\n\nAecon completes sale of Contract Mining business to North American Construction Group\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 23, 2018\n\n\n\nTORONTO, Nov. 23, 2018 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today the closing of the definitive asset purchase agreement to sell substantially all of the assets related to Aecon's Contract Mining business to North American Construction Group Inc. (\"NACG\") (TSX: NOA/NYSE: NOA) for $199.1 million in cash, subject to customary closing adjustments. The closing is consistent with the previous announcement issued on October 3, 2018, and is effective November 23, 2018.   \nAbout Aecon\nAecon 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 and Industrial sectors, and provides project management, financing and development services through its Concessions segment. For more information, please visit aecon.com and follow us on Twitter, LinkedIn, and Instagram @AeconGroup.\nStatement on Forward-Looking Information\nThe information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties.  Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon including with respect to the achievement of closing of the sale transaction, the terms of the sale transaction, the benefits of the sale transaction and the proposed use of proceeds from the sale transaction.  Forward-looking statements, may in some cases be identified by words such as \"will,\" \"plans,\" \"believes,\" \"expects,\" \"anticipates,\" \"estimates,\" \"projects,\" \"i...