JJC puts stake in Interoceánica Sur on the block
JJC pone en venta participación en Interoceánica Sur
Intel ID : 245702
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JJC, a Lima, Perú-based construction company, announced it will put its 7% in the concessions of sections 2 and 3 of Carretera Interoceánica Sur (IIRSA Sur) on the block, reported Gestión on 1 March 2017, citing a JJC press release. Specifically, the company noted it is unable to continue participating as a minority partner in IIRSA concessions 2 and 3. It added it has taken measures to move away from Odebrecht, a Salvador, Brazil-based construction and petrochemical company, after the latter admitted paying bribes to win infrastructure projects in the country. Currently, Odebrecht owns IIRSA Norte e IIRSA Sur, as well as a 25% stake in Rutas de Lima (see related intel). Carretera Interoceánica Sur (IIRSA Sur) was awarded in 2005 by former Peruvian President Alejandro Toledo and is operated by two consortia, Conirsa 2 and 3, where JJC has a 7% of stake in each.
(content in spanish)
JJC, empresa de construcción con sede en Lima, Perú, ha anunciado que pondrá en venta su participación del 7% en las concesiones de los tramos 2 y 3 de la Carretera Interoceánica Sur (IIRSA Sur), según ha informado Gestión el 1 de marzo de 2017, citando un comunicado de prensa de JJC. En concreto, la compañía ha informado que se ve impedida de continuar participando como socio minoritario en las concesiones IIRSA 2 y 3 y ha tomado acciones para alejarse de Odebrecht, empresa constructora y petroquímica con sede en Salvador, Brasil, luego de haber admitido el pago de sobornos para adjudicarse obras de infraestructura en el país. Actualmente, Odebrecht es dueña de IIRSA Norte e IIRSA Sur, que operan concesiones viales, además de tener un 25% de la empresa Rutas de Lima (ver Intel relacionado). La Carretera Interoceánica Sur (IIRSA Sur), ha sido adjudicada en 2005 por el expresidente de Perú, Alejandro Toledo y son operadas por dos consorcios, Conirsa 2 y 3, donde JJC tiene 7% de participación en cada una. |
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35.03.03 Construction & Engineering (Non Residential) 35 Industrials / 35.03 Construction & Engineering |
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35.03.03 Construction & Engineering (Non Residential) 35 Industrials / 35.03 Construction & Engineering |
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25.04.03 Holding Companies / Financial Holding Companies 25 Financial Services / 25.04 Other Financial Services |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.