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Aecon sells contract mining business to North American Construction Group for C$199m

MINING.COM Editor | November 23, 2018 | 1:22 pm Battery Metals Canada Rare Earth 
Image from shutterstock

Aecon Group Inc. (TSX: ARE) announced today the closing of the definitive asset purchase agreement to sell substantially all of the assets related to Aecon’s contract mining business to North American Construction Group Inc. (“NACG”) (TSX: NOA/NYSE: NOA) for C$199.1 million in cash, subject to customary closing adjustments.

The closing is effective November 23, 2018.

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