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News » Canada » Aecon explores potential sale » published 29 Aug 2017

Aecon explores potential sale

Aecon Group has announced that it has engaged financial advisors to explore a potential sale of the company.

The announcement follows a request from the Investment Industry Regulatory Organization of Canada (IIROC) to comment on a recent increase in the trading volume and price of the company's common shares on the Toronto Stock Exchange.

Aecon has confirmed that it has engaged BMO Capital Markets and TD Securities to explore a potential sale of the company. “Any transaction would be intended to create shareholder value and enhance the Company’s capabilities and growth potential,” said Aecon’s announcement. “There can be no assurance that this process will result in any agreement or that a transaction will be consummated. Aecon does not intend to comment on this matter further unless required by regulations governing the Company’s public disclosure practices.”

 

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This article was published on 29 Aug 2017 (last updated on 7 Sep 2017).

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