Business
Aecon Completes Sale of Roadbuilding Business in Ontario to Green Infrastructure Partners
Aecon Completes Sale of Roadbuilding Business in Ontario to Green Infrastructure Partners ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n \n \n \n Aecon Completes Sale of Roadbuilding Business in Ontario to Green Infrastructure Partners\n \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 Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 1, 2023\n \n \n /CNW/ - Aecon Group Inc. (TSX: ARE) (\"Aecon\" or the \"Company\") announced today the closing of the previously disclosed definitive purchase agreement with Green Infrastructure Partners Inc. to sell its Aecon Transportation East roadbuilding, aggregates and materials businesses in\n \n Ontario\n \n for\n \n $235 million\n \n in cash.\n \n \n \n About Aecon\n \n \n \n Aecon Group Inc. (TSX: ARE) is a national Canadian construction and infrastructure development company with global experience and is proud to be recognized as one of the Best 50 Corporate Citizens in\n \n Canada\n \n . Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment and management services through its Concessions segment. Join our online community on Twitter, LinkedIn, Facebook and Instagram @AeconGroupInc.\n \n \n \n Statement on Forward-Looking Information\n \n \n \n \n The information in this press release includes certain forward-looking statements\n \n \n which may constitute forward-looking information under applicable securities laws. 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. Forward-looking statements may in some cases be identified by words such as \"may,\" \"will,\" \"expects,\" \"target,\" \"future,\" \"plans,\" \"believes,\" \"anticipates,\" \"estimates,\" \"projects,\" \"intends,\" \"should\" or the negative of...