News

2017

OCTOBER

GRAÑA Y MONTERO TOGETHER WITH IACA ARE PERFORMING AN EVENT ON GOOD CORPORATE GOVERNANCE AND COMPLIANCE IN PERU
Graña y Montero performed the important discussion “Corporate Governance and Compliance: A new challenge for companies in Peru?”, in order to discuss the importance of good corporate governance, ethics and compliance practices in the country today. This event, performed at the company's Academy and open to the external public, has been the final act of the training sessions accomplished by Graña... read more
Gasoducto Sur Peruano and Ministry of Energy and Mines sign an agreement for the delivery of the project assets
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that on October 11, 2017 an agreement for the delivery of the assets of the Peruvian Southern Gas Pipeline concession was signed between the concessionaire company and the Ministry of Energy and Mines (MEM). By virtue of this act, GSP will deliver -as possession- the assets to the administrator appointed by MEM for c... read more
Graña y Montero announces the formation of an External Advisory Board
This initiative is one of the advances in the new stage of the company included in the six commitments disclosed in the Board of Directors Manifesto Graña y Montero S.A.A. a leading Engineering and Construction company, announced today the formation of its new External Advisory Board, which will have the task of contributing to the Board's management on corporate governance and strategic busines... read more
NOTICE OF CALL: EXTRAORDINARY GENERAL SHAREHOLDER’S MEETING
Pursuant to the provissions of article 258 of the General Companies Law, the shareholders of Graña y Montero S.A.A. are called to the General Shareholder’s Meeting to be held on November 2, 2017, at the company´s headquarters located at Av. Petit Thouars 4957, district of Miraflores, at 10:30 a.m.; in order to discuss the following agenda: Report on completion of the Internal Investigation Canc... read more
Graña y Montero announces that Vial y Vives-DSD is awarded 50% of a project valued in US$ 131.8 million
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that the TyV Consortium, which is 50% owned by Vial and Vives-DSD, a Chilean subsidiary of Grupo Graña y Montero, and TNT Chile Limitada, a subsidiary of Amec Foster Wheelers, was awarded today the Vertical Work Package No. 1 (VWP1) project, for Minera Spence S.A. for a total amount of US$ 131.8 million. This project... read more

SEPTEMBER

Graña y Montero announces that Stracon GyM obtains a two year extension of the Constancia Mine contract
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that STRACON GyM S.A., a subsidiary of Grupo Graña y Montero, has reached an agreement with its client Hudbay Perú S.A.C. to extend its construction contract of the Constancia Mine (Cusco), for an additional period of two years, until the end of 2019. Under the extension of this construction contract with a value of... read more
Graña y Montero announces that it sold the Petit Thouars building to VOLCOMCAPITAL for US $ 20.5 million
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that STRACON GyM S.A., a subsidiary of Grupo Graña y Montero, 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. T... read more
Graña y Montero announces that Concar is awarded a contract for the Jorge Chavez airport for US$ 2.8 million
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that Concar, a subsidiary of Grupo Graña y Montero, has been awarded a contract with Lima Airport Partners (LAP) to stabilize the unpaved areas of the north side of the Jorge Chavez International Airport, for an amount of US $ 2.8 million. This contract, which lasts 186 days, is the second one related to airport proj... read more
Graña y Montero announces that Morelco was awarded two new contracts in Colombia for US$ 15.9 million
Graña y Montero S.A.A. a leading Engineering and Construction company, announced that its subsidiary Morelco in Colombia, was awarded two new contracts today with Ecopetrol, a Colombian national oil company. The first contract amounts to US $ 11.902 million for an air-cooling system at the Suria and Ocoa thermoelectric plants; while the second contract is for US $ 4.087 million granted for the re... read more

AUGUST

Graña y Montero announces that Vial y Vives-DSD was awarded a US$ 13 million contract in Chile
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that the company Vial y Vives - DSD, belonging to Grupo Graña y Montero, was awarded today a contract from the National Petroleum Company of Chile (ENAP) for the construction and assembly of a wet gas scrubber system in the Refinery of Bio-Bio, for an amo... read more
GyM Ferrovías concluded the financial closing for the expansion of Line 1 of the Lima Metro
LIMA, Peru- Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that GyM Ferrovías concluded today the financial closing of the expansion project of Line 1 of the Lima Metro. The financing amounts to approximately US $ 316 million, which will permit the acquisition of 20 trains and 39 Alstom cars, as well... read more
Graña y Montero announces that CAM Chile was awarded a contract for the maintenance of the electric network of the Santiago de Chile subway for US$ 7.6 million
LIMA, Peru- 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 CAM Chile, which is a subsidiary of Graña y Montero Group, was awarded the contract for the maintenance service of lighting and low voltage power systems for the entire Metro network in Santiago de Chile, for an amount of US $ 7.6 m... read more
Graña y Montero is awarded contract to build alternative entrance for San Gaban Hydroelectric
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 through its subsidiary GyM, it won a contract with Hydro Global Perú to build an alternative entrance for the San Gabán III hydroelectric power plant located in Puno. The amount of this contract amounts to US $ 9.6 million. This project will f... read more

JUNE

Graña y Montero: Three financing agreements are closed to face the debts of the GSP
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 has signed a medium term credit agreement with a group of four international banks for US$ 78 million to cover the balance of the original US$ 130 million credit assumed in January 2017. In addition, the Company signed an addendum to the medium... read more
Graña y Montero closes agreement with Peruvian Banks to obtain a credit line for US$ 262.1 million
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced today it signed an agreement with five banks (Banco de Crédito del Perú, Scotiabank, Interbank, Citibank Peru and BBVA) to provide a US $ 162.1 million credit line to GyM, the construction company of the Group, and an additional line of US$ 100 million in... read more
Graña y Montero sells its stake in GMD to private equity firm Advent International
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) ( “the Group” or “Graña y Montero”), a leading engineering and construction company, today announced that it has closed the sale of its stake in GMD, a subsidiary of the Group specialized in information technology and telecommunications, to Advent International (“Advent”), one of the largest and most experienced global private equity investors. Ad... read more
Fernando Dyer is Graña y Montero’s new Chief Risk and Compliance Officer
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,” “the Group” or “Graña y Montero”) a leading Engineering and Construction company announced today that it has appointed Fernando Dyer as its new Chief Risk and Compliance Officer. Its main functions include ensuring the Group's adequate risk management and ensuring compliance with internal policies, in particular ethics, conduct and... read more

MAY

Manifesto of the Graña y Montero Group’s Board of Directors
To all Peruvians, Many fellow citizens wonder how a company like Graña y Montero could have been involved with a foreign company accused of corruption. Mainly because Graña y Montero is the most important Engineering and Construction company they, their parents and grandparents have known since the company has accompanied Peru’s development for nearly one hundred years, building the country’s gre... read more

APRIL

Graña y Montero closes the sale of its stake in COGA for US$ 21.5 million
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,” “the Group” or “Graña y Montero”), a leading Engineering and Construction company, announced that Viva GyM, which is the Group’s real estate subsidiary, has sold through the company Proyectos Inmobiliarios Consultores S.A.C. (in which it holds a 92.42% stake) all of its shares in Promoción Inmobiliaria del Sur S.A, corresponding to... read more
Four independent directors will form Graña y Montero’s risk, compliance and sustainability committee
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,” “the Group” or “Graña y Montero”) a leading Engineering and Construction company announced today that, following its second meeting, the new Board of the Graña y Montero Group, chaired by Augusto Baertl, has appointed the members of the business area’s operating committees, as well as the four committees that depend on the highest g... read more
Graña y Montero closes the sale of its stake in Cuartel San Martin for US$ 50 million
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,” “the Group” or “Graña y Montero”) a leading Engineering and Construction company, announced yesterday that it closed the sale of the 50% stake held by its subsidiary, Viva GyM, in Cuartel San Martin, after signing the Public Deed. Cuartel San Martin is a real estate project that will be developed in a land of more than 68,000 m2, lo... read more

MARCH

Graña y Montero announced that backlog is close to US$ 3,600 million
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 in the General Shareholder Meeting, the appointment of 7 new members of the Board of Directors was approved, and now is comprised by a total of 9 members. In the afternoon, the new Board will hold its first session, in which it will appoint the... read more
Graña y Montero announces agreement with Chubb Insurance to re-schedule debt payment in 12 months.
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 it signed a debt recognition agreement with CHUBB Insurance Peru for the repayment of US$ 52.5 million derived from the execution of the performance guarantee for the Southern Gas Pipeline project. The above-mentioned agreement has a 1-year mat... read more

FEBRUARY

Organizational changes in Graña y Montero Group
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 in the context of the termination of the contract of Gasoducto Sur Peruano, the false imputations made by the former representative of Odebrecht in Peru and the decline in the share price, José Graña Miro Quesada (Chairman of the Board), Mario... read more
Graña y Montero Moves Forward with its Assets Divestment Strategy
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,”the Group” or “Graña y Montero”) a leading Engineering and Construction company announced today that it closed the sale of its 51% stake in Compañía Operadora de Gas del Amazonas S.A.C. (COGA) in favor of Enagás and Carmen Corporation, its partners so far, for US$ 21.5 million. This operation is part of the company’s non-strategic a... read more
Public Statement
Regarding the statements made by the former representative of Odebrecht in Peru, Mr. Jorge Barata, published today, February 24, 2017 in a local publication: We categorically deny such statements and reiterate that our company or executives never knew, nor did they manage or make any payments in connection with any type of bribery or reimbursement for such payments made by Odebrecht, as t... read more
Graña y Montero closes second sale of non-strategic asset
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company,” “the Group” or “Graña y Montero”), a leading Engineering and Construction company, announced that Viva GyM, which is the Group’s real estate subsidiary, has sold through the company Proyectos Inmobiliarios Consultores S.A.C. (in which it holds a 92.42% stake) all of its shares in Promoción Inmobiliaria del Sur S.A, corresponding to... read more