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Slide #18. Graa y Montero — 51% of COGA from Canada Pension Plan Investment Board
Graa y Montero (GRAM)
51% of COGA from Canada Pension Plan Investment Board
Graa y Montero S.A.A. (NYSE:GRAM) (BVL: GRAMONC1) (the "Company" or "Graa y Montero") the largest engineering and construction company in Peru, announced it has reached an agreement with Canada Pension Plan Investment Board ("CPPIB") for the purchase of a 51% interest in Compaa Operadora de Gas del Amazonas ("COGA"), the operator for Transportadora de Gas del Per S.A. ("TgP"), for a total amount of US$25.5 million. CPPIB has also agreed to sell 30% of COGA to Enags, and will retain a 19% interest in COGA.
Grana y Montero is an engineering and construction company in Peru. Co. is using its capability in engineering and construction knowledge into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets (including the Lima Metro, Peru's urban railway system), real estate development, and the provision of technical services primarily to infrastructure-related assets. Co.'s operating segments are assessed by the activities of the following business units: (i) engineering and construction, (ii) infrastructure, and (iii) real estate.
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