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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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December 19, 2014
16:12 EDTGRAMGrana y Montero receives letter of intent for Shahuindo project
Graña y Montero announced it has received a Letter of Intent from Rio Alto confirming they have reached a commercial agreement in order for its subsidiary Stracon GyM S.A. to perform as a contractor in Shahuindo Project, located in Cajabamba, province of Cajamarca. The estimated value of the agreement is $240M for the next 5 years
December 12, 2014
18:07 EDTGRAMGrana y Montero awarded Block III and IV contracts
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