Graña y Montero and Canada Pension Plan Investment Board to Partner in Infrastructure Investments
12 November 2013 - 12:17AM
Business Wire
Graña y Montero S.A.A. (“Graña y Montero”, “G&M” or the
“Company”), the largest engineering and construction company in
Peru, announced today that it has signed a memorandum of
understanding with Canada Pension Plan Investment Board (“CPPIB”)
establishing the main principles of a non-exclusive, long term
partnership to invest in infrastructure in select markets in South
America.
This partnership is expected to align G&M’s recognized
capabilities for excellence in engineering and construction, having
successfully invested in many of Peru’s landmark infrastructure
projects; and CPPIB’s global investment expertise, internal
capabilities and its long-term investment focus.
G&M and CPPIB will initially focus on infrastructure assets
in the transportation and energy sectors.
The parties expect to enter into more definitive arrangements
regarding this partnering effort within the next 60 days.
About Graña y Montero
Graña y Montero (NYSE: GRAM)(BVL: GRAMONC1) is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange and the New York Stock Exchange. 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. For further information, visit
www.granaymontero.com.pe.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional
investment management organization that invests the funds not
needed by the Canada Pension Plan (CPP) to pay current benefits on
behalf of 18 million Canadian contributors and beneficiaries. In
order to build a diversified portfolio of CPP assets, CPPIB invests
in public equities, private equities, real estate, infrastructure
and fixed income instruments. Headquartered in Toronto, with
offices in London and Hong Kong, CPPIB is governed and managed
independently of the Canada Pension Plan and at arm's length from
governments. At September 30, 2013, the CPP Fund totalled C$192.8
billion. For more information about CPPIB, please visit
www.cppib.com.
Graña y Montero S.A.A.Juan Jose Arrieta, 511-213-6598Corporate
Communications& Social Responsibility
Officerjarrieta@gym.com.peorDennis Gray F., 511-213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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