Peruvian Builder Adds in Chile

Peruvian construction company Grana y Montero has agreed to acquire a 74% stake in Vial y Vives Ingenieria y Construccion for $55.5m, it says. Minority shareholders will hold the remaining 26% of the Chilean construction and construction services company. Vial y Vives is an infrastructure specialist whose clients include SQM and Codelco. Additional details were not available, and officials at both parties were not available for comment.