Report of Foreign Issuer (6-k)
March 29 2018 - 6:06AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of March 2018
Commission
File Number 001-35591
GRAÑA Y MONTERO S.A.A.
|
(Exact name of registrant as specified in its charter)
|
|
GRAÑA Y MONTERO GROUP
|
(Translation of registrant’s name into English)
|
Republic of Peru
|
(Jurisdiction of incorporation or organization)
|
|
Avenida Paseo de la República 4667, Lima 34,
|
Surquillo, Lima
|
Peru
|
(Address of principal executive offices)
|
Indicate by
check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F
__X__ Form 40-F ______
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes
______ No __X__
If "Yes" is
marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not applicable.
Lima, March 28, 2018
Messrs.,
Superintendencia del Mercado de Valores – SMV
Present.
-
Dear Sirs:
Reference: Asset Sale
Today, March 28, 2018, GyM S.A. has subscribed a share transfer
agreement with STRACON S.A.C., for which it is obliged to transfer in
favor of STRACON S.A.C. its entire stake in STRACON GyM S.A. (87.59%)
for a value of US $ 76,820,000.00.
The value of the stake of GyM
S.A. has been determined based on a company valuation of US$
110'800,000.00, equivalent to 3.72x EBITDA projected to 2018, from which
the value of the financial debt has been reduced.
The closing of
the aforementioned transaction is subject to the verification of
conditions precedent which are standard in this type of transactions,
including the release of the shares for sale of the trust to which they
are subject. The deadline for closing is 10 working days from the date
of the contract signing.
This signing of the contract took place
within the framework of negotiation processes with various parties
interested in acquiring the stake of GyM S.A. in STRACON GyM S.A.. The
offer from STRACON S.A.C. was the most appropriate to the expectations
(commercial and non-commercial) of GyM S.A.
All of the net flows
from the sale will be used by GyM S.A. to amortize its senior financial
obligations with Scotiabank Perú S.A.A. (derived from the Loan Agreement
of July 14, 2015) and, partially, its financial obligations to the
creditors of the Syndicated Line (Banco de Credito del Peru, Scotiabank,
Interbank, Citibank Peru and BBVA), which was communicated to the market
as a Relevant Information Communication on July 31, 2017. The indicated
creditors are the trustees guaranteed under the aforementioned trust.
Finally,
we commit ourselves to communicate in a timely manner to the market, as
a Relevant Information Communication, the result of the closing of the
transaction.
Sincerely,
___________________________
/s/ Luis Francisco Diaz Olivero
Stock
Market Representative
Graña y Montero S.A.A.
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GRAÑA Y MONTERO S.A.A.
By: /s/ LUIS FRANCISCO DIAZ OLIVERO
Name:
Luis Francisco Diaz Olivero
Title: Stock Market Representative
Date:
March 28, 2018
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