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Aecon Group Inc (TSX: ARE) clocks nearly 4% revenue growth in Q2FY23
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Highlights
Canada-based Aecon Group Inc (TSX: ARE) operates in two segments, namely Construction and Concessions. Under its Construction segment, the company deals in diverse requirements of the construction of public and private infrastructure projects. Under the Concessions segment of the company, ARE develops, finances, constructs, and operates infrastructure projects.
Recently, the company inked an agreement with Connor, Clark & Lunn Infrastructure to sell off its 49.9% interest in Bermuda International Airport for USD 128.5 million in cash. Post the agreement, Aecon Group holds 50.1% shares in Skyport and the airport management contract.
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