Graña Y Montero Announces Awarding of New Contract for US$ 63 Million in Colombia
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or
“Graña y Montero”) a leading Engineering and Construction company,
announced today that our subsidiary CAM Colombia Multiservicios S.A.S.,
has obtained the Buena Pro for the “Comprehensive Electricity Contract”
developing several services for the Colombian company Electricaribe S.A.
E.S.P., which is part of Gas Natural Fenosa multinational group, which
in turn is the largest integrated gas and electricity company in Spain.
The approximate amount of the contract is of US$ 63,000,000.00 and has a
duration period of five years, with an option of extending it for two
These are positive news for CAM, which belongs to the Technical Services
Area of our Group, since it is looking to consolidate as a leading
company in the electricity and telecommunications sectors in the region,
with special emphasis in Colombia, Chile and Perú.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and construction
company listed on the Lima Stock Exchange since 1997 and in the NYSE
since 2013. 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
With 82 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, specializing in electric services, with
operations in Chile, Peru and Colombia. It recently acquired Morelco, a
Colombian company specialized in electromechanical assemblies, civil
works, and services for the oil and gas industry as well as energy
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Copyright Business Wire 2016
Source: Business Wire
(January 22, 2016 - 6:52 PM EST)
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