On October 26, 2017, Aecon Group Inc. ("Aecon") and CCCC International Holding Limited ("CCCI") announced that they have entered into a definitive agreement under which CCCI will acquire all of the issued and outstanding common shares of Aecon for $20.37 per share in cash, representing an enterprise value of $1.51 billion. This acquisition will help Aecon gain access to significant capital, complementary infrastructure expertise, and an international network to support its growth ambitions.
BMO Capital Markets ("BMO") and TD Securities ("TD") are acting as joint financial advisers to Aecon.
Aecon is a Canada-based construction and infrastructure development company that operates through four segments: Infrastructure, Energy, Mining and Concessions. Aecon has helped build some of Canada's most famous landmarks, including Toronto's CN Tower and the Vancouver Sky Train.
CCCI is the financing platform for the overseas business of China Communications Construction Company Limited and it focuses on mergers and acquisitions, restructuring and management of overseas assets, and investment, building, and operation of transportation infrastructure in overseas markets.
Osler, Hoskin & Harcourt LLP is representing BMO and TD with a team consisting of Jeremy Fraiberg and Don Gilchrist (Corporate).