Canada blocks Aecon takeover by Chinese state-owned firm over national security

OTTAWA — The federal government has blocked the proposed $1.5-billion takeover of Aecon Group Inc. by a Chinese state-owned company for reasons of national security. After markets closed Wednesday, Economic Development Minister Navdeep Bains confirmed the government’s decision to prevent CCCC International Holding Ltd. from acquiring the Aecon construction firm. The Trudeau government had been warned by experts to proceed […]