TORONTO, Sept. 20,
2023 /CNW/ - Aecon Group Inc. (TSX: ARE) ("Aecon" or
the "Company") announced today the closing of the previously
disclosed agreement with Connor, Clark & Lunn Infrastructure to
sell a 49.9% interest in the L.F. Wade International Airport
(Bermuda International Airport)
concessionaire, Bermuda Skyport Corporation Limited ("Skyport").
The final sale price was US$120
million 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% interest.
About Aecon
Aecon Group Inc. (TSX: ARE) is a national Canadian construction
and infrastructure development company with global experience.
Aecon 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. Join our online community
on Twitter, LinkedIn, Facebook, and Instagram @AeconGroupInc.
SOURCE Aecon Group Inc.