TORONTO, Aug. 25, 2017 /CNW/ - Aecon Group Inc. (TSX: ARE) ("Aecon" or the "Company") has been requested by the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent increase in the trading volume and price of the Company's common shares on the Toronto Stock Exchange.
The Company confirms that it has engaged BMO Capital Markets and TD Securities to explore a potential sale of the Company. Any transaction would be intended to create shareholder value and enhance the Company's capabilities and growth potential.
There can be no assurance that this process will result in any agreement or that a transaction will be consummated. Aecon does not intend to comment on this matter further unless required by regulations governing the Company's public disclosure practices.
Aecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. Aecon is also pleased to be consistently recognized as one of the Best Employers in Canada. For more information, please visit www.aecon.com and follow us on Twitter at @AeconGroup.
SOURCE Aecon Group Inc.