Brief: Aecon Announces Global Settlement Agreement Over Coastal Gaslink Pipeline Project Dispute

Aecon

28/06/2024 23:04

June 28 (Reuters) - Aecon Group Inc  ARE.TO :
    * AECON ANNOUNCES MUTUALLY AGREEABLE GLOBAL SETTLEMENT
AGREEMENT
OVER COASTAL GASLINK PIPELINE PROJECT DISPUTE AND INTERIM UPDATE
ON REMAINING LEGACY PROJECTS
    * AECON GROUP INC - TERMS OF SETTLEMENT AGREEMENT ARE
EXPECTED TO
RESULT IN NO CASH IMPACTS TO AECON
    * AECON GROUP: EXPECTS AN ABOUT $127 MILLION, NON-RECURRING
CHARGE
RELATING TO CONSTRUCTION OF SECTIONS 3 AND 4 OF COASTAL GASLINK
PIPELINE PROJECT
    * AECON GROUP : NON-RECURRING CHARGE TO BE REFLECTED IN CO'S
FINANCIAL RESULTS FOR Q2 OF 2024
    * AECON GROUP INC - ANTICIPATES ADDITIONAL CHARGES OF
APPROXIMATELY $110 MILLION IN AGGREGATE TO BE REFLECTED IN ITS
Q2 2024 RESULTS

Source text for Eikon:  ID:nGNX1cs0sz 
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