Aecon Group has announced the closing of the definitive asset purchase agreement with North American Construction Group (NACG)
Aecon's contract mining business provides overburden removal and environmental reclamation services
The agreement is to sell substantially all of the assets related to Aecon's contract mining business to North American Construction Group.
The sale is worth C$199.1 million (US$155.1 million) in cash, subject to customary closing adjustments. The closing is effective from November 23.
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