The Canadian government has moved to block a Chinese company from purchasing a Canadian construction business, citing national security concerns.
Toronto-listed Aecon said the government had ordered CCC International – or China Communications Construction Company International Holding – to not implement its proposed $1.2bn acquisition of Aecon.
Canada’s economic development minister Navdeep Bains said the decision to block the sale followed a “multi-step national security review process” by national security agencies.
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