Company News »

Gra~na y Montero Announces Termination of Discussions for Share Purchase of The Maple Companies Limited

Business Wire
Share on StockTwits
Published on

Gra~na y Montero S.A.A. (NYSE:GRAM) (BVL: GRAMONC1) (“the Company” or “Gra~na y Montero”), a leading Engineering and Construction company, made an announcement in reference to the binding offer for the purchase of shares of The Maple Companies Limited, presented to Maple Energy PLC by Gra~na y Montero S.A.A. together with Alcogroup S.A. from Belgium, which was informed last October 15, 2014, after it was approved by the company’s Board of Directors.

To date, both parties have decided by mutual agreement, to terminate the discussions in relation to the purchase of this company, due to the impossibility to reach an agreement regarding the fulfillment of certain conditions precedent established applicable to the offer.

About Gra~na y Montero S.A.A.

Founded in 1933, Gra~na y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and now also the NYSE. The Company has participated in the development of major engineering and construction projects in Peru, including large-scale, complex projects in the energy, mining, construction and real estate sectors.

With 80 years of operations, the Company has leveraged its engineering and construction expertise into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets, real estate developments, and the provision of technical services. The Company has significant investments in infrastructure concessions, such as three toll roads and Line 1 of the Lima Metro.

The Company has also executed several projects outside Per’u, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, which is specialized in electric services, with operations in Chile, Peru and Colombia.

Share on StockTwits

Iron FX 1.11156/1.11128 2.8
XM Markets 1.09948/1.09928 2
FxPro 1.10184/1.10171 1.3
FXCM 1.13943/1.13912 3.1