# CCCI to acquire Aecon for C$1.51 billion

CCCC International Holding Ltd (CCCI), a subsidiary of China Communications Construction Company, has entered into a definitive agreement to acquire all shares of Canadian construction company Aecon for C$20.37 per share, representing an enterprise value of C$1.51 billion.

- Type: Acquisition
- Announced: 2017-10-27
- Where: Canada
- Value: $1.17B (1.51B CAD)
- Status: announced
- Products: contract mining services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Aecon Group](https://endata.com/companies/3614.md) (target)
- [China Communications Construction Company](https://endata.com/companies/25744.md) (partner)
- [CCCC International Holding](https://endata.com/companies/27589.md) (acquirer)

## Sources

- [im-mining.com](https://im-mining.com/2017/10/27/ccci-acquire-aecon-increase-chinas-contract-mining-influence/), 2017-10-27: "This is an excellent fit for both of our companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.