On-Site Magazine

No need for national security review of Aecon takeover, China’s ambassador says

By CBC.ca   


China’s ambassador to Canada says there is no need for a national security review of a Chinese firm’s $1.5-billion bid to take over Canadian construction giant Aecon.

“The technology from the Chinese side is much higher than the Canadian side… it is not necessary for them [the Chinese government] to steal the technologies from Canadian companies,” Ambassador Lu Shaye told reporters in Halifax through an interpreter.

Lu described the proposed deal as a “very normal business transaction,” saying it does not involve “military technologies,” and therefore Canada does not need to conduct an additional review.

To read the full CBC article, click here



Stories continue below