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| Aecon sells its investment in Churchill Aecon Group Inc., Canada's largest publicly traded construction and infrastructure development company, announced that it has sold all of the common shares it acquired earlier this year in Churchill Corp, resulting in net proceeds, after costs, of $60.8 million and a pre-tax gain of approximately $2 million. On June 15, 2010 Aecon announced that it had purchased 3,056,000 subscription receipts offered by Churchill, which it subsequently converted to common shares. Including additional shares purchased through The Toronto Stock Exchange, Aecon acquired a total of 3,513,600 common shares, or approximately 14.7 percent of the outstanding common shares of Churchill. write your comments about the article :: © 2010 Construction News :: home page |