Graña y Montero Announces Termination of Discussions for Share Purchase of The Maple Companies Limited
November 17 2014 - 9:20AM
Business Wire
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the
Company” or “Graña 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 Graña 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 Graña y Montero S.A.A.
Founded in 1933, Graña 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 Perú, 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.
Graña y Montero S.A.A.Juan Jose Arrieta, (511) 213-6598Corporate
Responsibility Officerjarrieta@gym.com.peorDennis Gray F., (511)
213-6583Investor Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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