CHINA-CANADA: CHINESE CONSTRUCTION COMPANY BLOCKED FROM BUYING CANADIAN FIRM
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Canada has blocked a proposed C$1.51 billion (US$ 1.18 billion) takeover of construction company Aecon (ARE.TO) by the overseas investment and financing arm of a Chinese State owned Enterprise 'China Communications Construction Co Ltd' on national security grounds. Aecon’s takeover by overseas investment and financing arm of China Communications Construction Co Ltd was scheduled to close in February, but was delayed after Canada extended a national security review.
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