Graña y Montero Announces That It Sold the Petit Thouars Building to VOLCOMCAPITAL for US $ 20.5 Million
September 29 2017 - 10:13PM
Business Wire
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”) a leading Engineering and Construction
company, announced that within the process of selling assets held
by the company, it has sold to VOLCOMCAPITAL Deuda Peru Fund the
building located in block 49 of Petit Thouars Avenue, one of its
corporate headquarters in Peru, for an amount of US $ 20.5
million.
The operation structured by BP Capital Perú, includes a lease
for up to ten years to Grupo Graña y Montero. In addition, it
includes a purchase option on the building.
The sale of the aforementioned headquarters generates a profit
of US $ 3.5 million for Grupo Graña y Montero.
This operation, which allows to optimize the profitability of
the mentioned real estate asset, is part of the asset sales process
launched by Graña and Montero to generate cash, provide more
liquidity to the company and reduce its indebtedness.
With this sale, the number of assets sold amounts to six for a
total amount of approximately US$ 213.2 million dollars. In
addition to the Petit Thouars building, PRINSUR, the Cuartel San
Martín project, shares of the Canadian company Red Eagle Mining
Corporation, the Compañía Operadora de Gas del Amazonas (COGA) and
the GMD Company have already been sold.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170929005856/en/
Graña y Montero S.A.A.Samantha Ratcliffe, 511-213-6573Head of
Investor
Relationssamantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
Grana y Montero SAA (NYSE:GRAM)
Historical Stock Chart
From May 2024 to Jun 2024
Grana y Montero SAA (NYSE:GRAM)
Historical Stock Chart
From Jun 2023 to Jun 2024