The Firm represented Graña y Montero S.A.A. in connection with its $413 million initial public offering of American depositary shares, each representing five common shares, registered with the U.S. Securities and Exchange Commission. Graña y Montero’s common shares have been listed on the Peruvian stock exchange since 1997. The ADSs are listed on the New York Stock Exchange under the ticker symbol “GRAM”.
Graña y Montero is the largest engineering and construction company in Peru, and one of the largest publicly-traded engineering and construction companies in Latin America, with strong complementary businesses in infrastructure, real estate and technical services. With 80 years of operations, Graña y Montero has completed the engineering and construction of many of Peru’s landmark private- and public-sector infrastructure projects. The company has also undertaken engineering and construction projects throughout Latin America and has recently expanded into other countries through acquisitions. In addition, the company operates infrastructure concessions such as toll roads, oil and gas fields and the Lima Metro, develops housing and commercial real estate projects, and provides technical services such as IT and electrical services.
The company intends to use the net proceeds from the offering for capital expenditures, including potential investments and acquisitions, and other general corporate purposes.
The Simpson Thacher team for the offering included Juan Francisco Mendez, Juan M. Naveira, Cristina Quintero, María Carolina Gonzalez Diaz, Luis Pellerano and Alan García Nores (Capital Markets); Jonathan Cantor and Chang Won Choi (Tax); and Andrea Andrezo (PCAP).
