09:36:09 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Aecon Group Inc
Symbol ARE
Shares Issued 61,776,516
Close 2023-09-19 C$ 11.30
Market Cap C$ 698,074,631
Recent Sedar Documents

Aecon Group closes sale of 49.9% of Bermuda Skyport

2023-09-20 16:07 ET - News Release

An anonymous director reports

AECON COMPLETES SALE OF 49.9% INTEREST IN THE BERMUDA INTERNATIONAL AIRPORT CONCESSIONAIRE

Aecon Group Inc. has closed the previously disclosed agreement with Connor, Clark & Lunn Infrastructure to sell a 49.9-per-cent interest in the L.F. Wade International Airport (Bermuda International Airport) concessionaire, Bermuda Skyport Corp. Ltd. The final sale price was $120-million (U.S.) following certain closing adjustments.

Aecon Concessions will retain the management contract for the airport and remain the controlling shareholder of Skyport, owning a 50.1-per-cent interest.

About Aecon Group Inc.

Aecon Group (Toronto Stock Exchange: ARE) is a national Canadian construction and infrastructure development company with global experience. Aecon Group 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.

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