May 24, 2018 / 7:37 AM / a year ago

China urges level playing field after Canada blocks company takeover

BEIJING, May 24 (Reuters) - China’s Foreign Ministry said on Thursday it hoped that Canada can abandon prejudices and provide a level playing field for Chinese companies, after Ottawa blocked a Chinese firm’s purchase of a Canadian construction firm on national security grounds.

On Wednesday, Canada said it had rejected the proposed C$1.51 billion ($1.18 billion) takeover of construction firm Aecon Group Inc by a unit of China Communications Construction Co Ltd.

$1 = 1.2840 Canadian dollars Reporting by Michael Martina Writing by Tony Munroe Editing by Darren Schuettler

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