Graña y Montero to Purchase a 12.38% Stake in Transportadora de Gas del Perú S.A.
November 20 2013 - 5:55PM
Business Wire
Graña y Montero S.A.A. (“Graña y Montero”, “G&M” or the
“Company”), the largest engineering and construction company in
Peru, announced today that it will acquire from Pluspetrol
Resources Corporation a 12.38% indirect equity interest in
Transportadora de Gas del Perú S.A. (the “Acquisition”) for
consideration of US$237 million.
In order to fund the Acquisition, G&M has entered into a
US$217 million facility with an affiliate of Canada Pension Plan
Investment Board (“CPPIB”).
Transportadora de Gas del Perú S.A. (“TgP”) is the largest
transporter of natural gas and natural gas liquids in Peru. In
2012, TgP delivered approximately 95% of both the country’s total
volume of natural gas and natural gas liquids extracted from Blocks
88 and 56 of the Camisea gas fields located in the Peruvian Amazon.
TgP’s customers include the largest power generators, natural gas
distributors and industrial companies in Peru; in addition, one of
its customers, Peru LNG, is the largest gas exporter in Peru and
one of the largest gas exporters in Latin America.
About Graña y Montero
Graña y Montero (NYSE:GRAM, BVL: GRAMONC1) is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange and the New York Stock Exchange. 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. For further information, visit
www.granaymontero.com.pe.
Graña y Montero S.A.A.Juan Jose Arrieta, (511) 213-6598Corporate
Communications & Social Responsibility
Officerjarrieta@gym.com.peorDennis Gray F., (511) 213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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