LIMA, Peru--(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.
