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Peru’s Graña y Montero to buy Chile electric co. for $20 mil

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Andina

peru

Peru’s largest property and engineering firm, Graña y Montero, announced yesterday it will acquire a Chilean electrical services company for $20 million.

A statement from Grana y Montero said it had reached an agreement with Chile’s Grupo Enersis y Chilectra to acquire 100% of its shares in Compañia Americana Multiservicos Limitada.

Dow Jones Newswires reported that the share transfer will take place in January.

Graña y Montero President, Jose Grana Miró Quesada, said the move was a part of his company’s international expansion strategy.

Graña y Montero has a number of major projects in Peru and has run mining and energy construction works projects in Chile, Argentina and the Dominican Republic.

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