Minister Bains statement on CCCI’s proposed acquisition of Aecon

Statement

Ottawa, May 23, 2018—The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, made the following statement on the proposed acquisition of Aecon Group Inc. (Aecon) by China Communications Construction Company International Holding Limited (CCCI):

“In accordance with the Investment Canada Act, the Government of Canada reviewed the proposed acquisition of Aecon by CCCI.

“As is always the case, we listened to the advice of our national security agencies throughout the multi-step national security review process under the Investment Canada Act.

“Based on their findings, in order to protect national security, we ordered CCCI not to implement the proposed investment.

“Our government is open to international investment that creates jobs and increases prosperity, but not at the expense of national security.”

Follow the department on Twitter: @ISED_CA

For further information (media only), please contact:

Karl W. Sasseville
Press Secretary
Office of the Minister of Innovation, Science and Economic Development
343-291-2500

Media Relations
Innovation, Science and Economic Development Canada
343-291-1777
ic.mediarelations-mediasrelations.ic@canada.ca


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