Feds Block Aecon Takeover By Chinese Firm Over National Security Concerns
OTTAWA — The federal government has blocked the proposed $1.5-billion takeover of Aecon Group Inc. by a Chinese state-owned company for reasons of national security. After markets closed Wednesday, Economic Development Minister Navdeep Bains confirmed the government’s decision to prevent CCCC International Holding Ltd. from acquiring the Aecon construction firm. The Trudeau government had been…