has signed a deal to sell its road building business in Ontario to Green Infrastructure Partners Inc. for $235-million in cash.
Under the agreement, GIP will acquire Aecon Transportation East , which builds roads throughout Ontario for the provincial government, municipalities and private clients. Aecon says it will sign a strategic co-operation agreement with GIP upon the closing of the deal ATE has a workforce of about 1,000 employees.Aecon Group CEO Jean-Louis Servranckx says the sale is consistent with the company’s goal of targeting prudent balance sheet leverage and liquidity and also reduces the overall capital intensity of Aecon’s business.Your Globe
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: