Graña y Montero Announces Awarding of New Contract for US$ 68 Million
July 07 2015 - 10:07PM
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 today that Coasin Instalaciones
Limitada, a company that belongs to its subsidiary Cam Chile S.A
specializing in operational services for the Telecommunication
sector, was awarded a contract for the amount of US$ 68’619,100.00
to be executed in a period of ten years.
This contract has been subscribed with VTR Banda Ancha, one of
the leading service companies of cable television, landline
telephones and internet access in Chile. From this date, Coasin
Instalaciones will be responsible for the installations,
disconnections, withdrawals, and maintenance technical visits for
household services and household products required by end customers
in the Metropolitan Zone and City Center of Santiago de Chile.
Graña y Montero Group acquired Coasin in March 2014 and
currently is working with the major telecommunications companies in
the Chilean market, having as main customers Movistar, Entel, Claro
and VTR.
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 sectors.
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 industry.
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version on businesswire.com: http://www.businesswire.com/news/home/20150707006640/en/
Graña y Montero S.A.A.Dennis Gray, 511-213-6583Investor
Relations
Officerdgray@gym.com.perelacion.inversionistas@gym.com.pe
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