Graña y Montero

Graña y Montero (BVL: GRAMONC1[1]) is a company based in Latin America. It originated as a real estate and construction company, now the oldest and largest in Peru. Its many business interests include the construction of buildings and infrastructure, the energy and mining industries, and sanitation and highway services.

Graña y Montero S.A.A.
Public
Traded asBVL: GRAMONC1
NYSE: GRAM
IndustryEngineering, Construction & Real Estate
Founded(1933)
HeadquartersLima, Peru
Area served
Latin America
Key people
Augusto Baertl Montori (Chairman)
Luis Díaz Olivero CEO
Revenue US$ 948.2 Million (2010)
US$ 97.1 Million(2010)
Website

Graña y Montero is listed on the S&P/BVL Peru General Index (formerly IGBVL), the main index of Lima Stock Exchange.[2]

History

The first Gramovel contract was the construction of a private residence before the population of Lima reached half a million people. When Gramovel merged with Moris y Montero to become Graña & Montero they had already made their first overseas contract. In that year, they decided to construct the city of Talara. In 1983, Graña & Montero met its first 50 years and started a new stage. Graña & Montero has a constantly growing participation in major projects in the country. In 2013 the company was listed on the New York Stock Exchange.[3][4]

Major projects
Paseo de la República Avenue, Lima

Graña y Montero has built many large projects such as Larcomar, the Lima Sheraton Hotel, the Jorge Chávez International Airport, El Alto International Airport, the first Sears Roebuck store in Lima, the Four Seasons Hotel in Mexico City, the Interoceanic Highway, linking Peru and Brasil, the Westin Hotel in Lima, the tallest building in the country, the Camisea Gas Project and many big mining projects in Peru and Chile.[5]

Sheraton Hotel in Lima

On April 23, 2019, the former representative of the Brazilian conglomerate Odebrecht in Peru, Jorge Barata, named G&M as having also paid bribes, in their case in excess of US$3 million during the bids for the construction of the Lima Metro.

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References
  1. "GRAMONC1". Archived from the original on 2009-11-29. Retrieved 2009-11-22.
  2. Grana y Montero SAA (GRA.LM) Quote| Reuters.com
  3. Graña y Montero emitirá sus primeras acciones en Wall Street - Empresas | Gestión
  4. GRAM Stock Price & News - Grana y Montero S.A.A. ADS - WSJ
  5. "Peru's Largest Engineering and Construction Company, Graña y Montero, Makes Public Debut on NYSE | Exchanges". Archived from the original on 2014-08-19. Retrieved 2014-08-17.
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