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Stock Market & Financial Investment News

News Breaks
February 1, 2014
15:56 EDTGRAMGrana y Montero to sell a 11.34% stake in Transportadora de Gas del Perú
Graña y Montero announced that it will sell a 10.43% indirect equity interest in Transportadora de Gas del Perú S.A. to the Canada Pension Plan Investment Board, CPPIB, for a consideration of $200M. In addition, it will also sell a 0.91% equity interest to Corporación Financiera de Inversiones for $ 17.3M. As a result, G&M will hold a 1.64% equity interest in TgP. On November 2013, G&M acquired a 12.38% indirect equity interest in Transportadora de Gas del Perú and entered into a $217M facility with an affiliate of CPPIB in order to fund the acquisition.
News For GRAM From The Last 14 Days
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November 17, 2014
19:55 EDTGRAMGrana y Montero signs memorandum of understanding for $85M contract
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09:20 EDTGRAMGrana y Montero terminates discussions for share purchase of The Maple Companies
Graña y Montero S.A.A made an announcement in reference to the binding offer for the purchase of shares of The Maple Companies Limited, presented to Maple Energy PLC by Graña y Montero S.A.A. together with Alcogroup S.A. from Belgium, which was informed last October 15, 2014, after it was approved by the company’s Board of Directors. To date, both parties have decided by mutual agreement, to terminate the discussions in relation to the purchase of this company, due to the impossibility to reach an agreement regarding the fulfillment of certain conditions precedent established applicable to the offer.

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