November 27, 2019 / 10:28 PM / 12 days ago

Brazil's IG4 Capital to buy controlling stake in Peru's Grana y Montero

SAO PAULO, Nov 27 (Reuters) - Brazilian private equity firm IG4 Capital has agreed to acquire a controlling stake in Peruvian construction conglomerate Grana y Montero SAA, according to a statement on Wednesday.

IG4 Capital, a Brazilian private equity firm with around $550 million under management in two funds, is buying out the families that currently control Grana y Montero. After the conclusion of this deal, IG4 will launch a tender offer in the same terms to minority shareholders. (Reporting by Tatiana Bautzer; Editing by Sandra Maler)

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