China Firm Bid To Buy Big Canada Contractor Misses a Deadline

摘要

Canada's slow-moving security review of the proposed takeover of contractor giant Aecon Group Inc., Toronto, by a Chinese government-owned firm is sparking speculation that the deal may end or be restructured. The Ministry of Innovation, Science and Economic Development blew past a late March deadline to finish its review of the planned $1.18-billion purchase by CCCC International Holding Ltd., triggering a 45-day extension. The deal was announced last October.