ANNOUNCEMENT 28 Sep 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 28 September 2017, Export Development Bank Canada (EDC) announced export financing for Aecon Group Inc. The stated purpose of the transaction is support for working capital/general corporate purposes for a subsidiary of Aecon Group Inc. in various countries.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$25-50 million. Taking the lowest possible amount, in this case, Can.$25 million (approx. U.S.$20.37 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.