24.07.2013 Today our Company: Graña y Montero S.A.A., the largest engineering and
construction company in Peru, listed its American Depositary Shares ("ADSs") on
the New York Stock Exchange (NYSE), after a successful initial public offering amounting
to approximately US$413 million in gross proceeds.
The Company also granted the underwriters an option to purchase ADSs up to approximately
US$62 million in gross proceeds, exercisable within 30 days.
The offering consisted of 19,534,884 ADSs, each ADS representing five common shares.
The offering price was US$21.13 per ADS. As a result of the offering, Graña y Montero
began trading on the NYSE under the ticker symbol 'GRAM'.
José Graña Miró Quesada, President of Graña y Montero, said that the Company plans
to use the net proceeds of the offering to fund capital expenditures, including
potential investments and acquisitions, as well as other general corporate purposes.
'We estimate that approximately 60% of the net proceeds will be invested in infrastructure
projects, 10% in the acquisition of land for our real estate segment, 20% on potential
acquisitions, and the remainder will be used for other general corporate purposes'
Credit Suisse, J.P. Morgan and Morgan Stanley have acted as the Global Coordinators;
BTG Pactual has acted as a Joint Bookrunner; and BBVA Continental, Credicorp Capital
and Interbank, have acted as Co-managers in the offering.
A copy of the prospectus relating to the offering may be obtained on the website
of the U.S. Securities and Exchange Commission at