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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