|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||3.41 - 3.48|
|52 Week Range||2.25 - 5.15|
|PE Ratio (TTM)||10.89|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The New York Stock Exchange said on Thursday it had begun the process of delisting Peru's Grana y Montero after the country's biggest construction company missed the deadline to submit its 2017 financial audits to the U.S. Securities and Exchange Commission. The builder, which is also listed in Lima, said in a statement it would appeal the decision within the 10-day appeal period, but nonetheless hoped to file the missing reports and return to the stock exchange by June. The company said the delisting could trigger a similar suspension of its shares on the Lima stock exchange.
U.S.-based construction firm Fluor Corp subcontracted earth moving work on the Quellaveco copper mine in Peru to local company Grana y Montero, in a sign the stalled $5 billion project could be reactivated. Grana said in a statement late on Friday it had won a tender from Fluor for $53.9 million for work on Quellaveco, which is controlled by miner Anglo American. Fluor won a contract in 2014 to provide construction management and early works execution for the Quellaveco project in southern Peru.
Peruvian prosecutors investigating a $20 million bribe that Brazilian builder Odebrecht allegedly paid a former president have sought a judge's approval to formally investigate Peru's biggest construction company, Grana y Montero . Grana said late on Tuesday that a judge had summoned it to a Feb 16 hearing regarding the prosecutors' request to include it and other units in the Grana y Montero Group as "investigated subjects" in the far-reaching graft probe. Grana rejected the notion that any of the Grana companies should be targeted.
Peruvian prosecutors raided the offices of local construction conglomerate Grana y Montero , Brazilian builders OAS and Andrade Gutierrez and other companies on Friday, the attorney general's office said on Twitter. Grana y Montero said it was cooperating with the "construction club" investigation led by a team of prosecutors tasked with fighting corruption. OAS did not immediately respond to requests for comment.
Four former and current executives of Peruvian construction companies were detained pending trial on Monday, accused of colluding with Brazilian builder Odebrecht to bribe a former president. Judge Richard Concepcion ordered the men, who deny wrongdoing, to be held in pre-trial jail to ensure they do not flee or obstruct the law, as prosecutors prepare criminal charges. The decision marked the first time executives from major Peruvian companies have been jailed in the 'Car Wash' scandal, Brazil's largest-ever corruption probe that has widened to include other Latin American countries.
The Peruvian attorney general's office is investigating construction group Grana y Montero for alleged involvement in bribes paid to a former president by its Brazilian partner Odebrecht, a lead prosecutor said. Speaking in a televised interview with America Television, Hamilton Castro said that his office has been investigating Grana and other local partners of scandal-plagued Odebrecht despite not speaking publicly about it previously. "There is an investigation against the partner companies ... against Grana y Montero and others," Castro, the lead prosecutor on the Odebrecht case, said in the interview late on Sunday.
The Peruvian attorney general's office is investigating construction group Grana y Montero for alleged involvement in bribes paid by its Brazilian partner Odebrecht, the lead prosecutor on the Odebrecht case said. Speaking in a televised interview with America Television, prosecutor Hamilton Castro said that his office has been quietly investigating Grana and other local partners of scandal-plagued Odebrecht despite not speaking publicly about it previously. "There is an investigation against the partner companies ... against Grana y Montero and others," Castro said in the interview late on Sunday.