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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Post by Dibah420on Apr 24, 2024 12:20pm
140 Views
Post# 36005278

Over @ the competition...

Over @ the competition...
COMMENTS

The RCMP says a former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal.

Police say Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and fraud last month.

The police investigation revealed that SNC-Lavalin executives paid bribes of $2.23-million in order to secure a $128-million contract to repair the Jacques-Cartier Bridge deck in the early 2000s.

In 2017, Michel Fournier, former CEO of the Federal Bridge Corp., admitted to receiving the bribes through Swiss bank accounts between 1997 and 2004.

Fournier was sentenced to five and a half years in prison and has since received full parole.

SNC-Lavalin – now known as AtkinsRealis – agreed in 2022 to pay Quebec nearly $30-million over three years to settle criminal bribery charges stemming from work on the bridge that runs between Montreal and Longueuil, Que.


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