Bci Asset Management’s agreement with Graña y Montero for indirect highway investment


Ried | Fabres, Philippi Prietocarrizosa Ferrero DU & Uría and Payet, Rey, Cauvi, Pérez advised on the deal

Bci NV Investment Fund, managed by Bci Asset Management, SA, acquired $ 42,300,000 part of the future economic rights equivalent to 48.8% of the shares of Norvial SA , a company belonging to the Peruvian group Graña y Montero, which manages the Ancón-Huacho-Pativilca section of the Panamericana Norte highway.

This is the first time that a Chilean investment fund signs an agreement of these characteristics to invest in a highway outside Chile, which also specifies the arrival of Bci Asset Management in asset management in that country.

Bci Asset Management has assets under management of over $9.2 billion, which it manages through various strategies, which allow its clients to access a wide range of investment alternatives in debt instruments and capitalization, both in the market Chilean as abroad.

Graña y Montero is a company of Peruvian origin with 85 years of experience and business in the field of Engineering and Construction, Infrastructure and Real Estate.

Ried | Fabres advised Bci Asset Management Administradora General de Fondos S.A. with a team including Cristián Fabres (Picture), Ricardo Abogabir and Christian Schiessler.

Philippi Prietocarrizosa Ferrero DU & Uría advised Bci Asset Management Administradora General de Fondos S.A. with Ignacio López de Romaña y Manuel Ugarte. Asociadas Lorena Sarmiento y Aouda del Castillo.

Payet, Rey, Cauvi, Pérez advised Graña y Montero S.A.A. with Susan Castillo, Álvaro Carrasco and Gonzalo Gibaja.

Involved fees earner: Cristián Fabres Ruiz – Ried Fabres; Ricardo Abogabir Correa – Ried Fabres; Christian Schiessler Quililongo – Ried Fabres; Susan Castillo – Payet, Rey, Cauvi, Pérez, Mur; Álvaro Carrasco – Payet, Rey, Cauvi, Pérez, Mur; Gonzalo Gibaja – Payet, Rey, Cauvi, Pérez, Mur; Ignacio López de Romaña – Philippi Prietocarrizosa Ferrero DU & Uría; Manuel Ugarte – Philippi Prietocarrizosa Ferrero DU & Uría; Lorena Sarmiento Aguirre – Philippi Prietocarrizosa Ferrero DU & Uría; Aouda Del Castillo – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Ried Fabres; Payet, Rey, Cauvi, Pérez, Mur; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Graña y Montero; BCI Asset Management Administradora de Fondos S.A.;

Author: Ambrogio Visconti.