Canada has blocked a proposed C$1.51 billion takeover of construction company Aecon (ARE.TO) by a Chinese state builder on national security grounds, underscoring rising wariness of Chinese firms buying up assets in Western countries.
Aecon’s takeover by overseas investment and financing arm of China Communications Construction Co Ltd <601800.SS> was scheduled to close in February. But this was delayed after Canada extended a national security review.
The Canadian government has now ordered… CLICK for the complete article
