Andrade

completed

Construtora Andrade Gutierrez S.A. (CAG) was founded in 1948 and focused on the construction of public infrastructure projects such as highways, hydroelectric plants, airports and industrial plants. Privatization of key infrastructure sectors in Brazil in the 1990''s allowed CAG to expand into public infrastructure concessions and telecommunications to leverage its experience in the construction industry. In 1997, CAG defined a new strategy and decided that group''s structure should be rationalized by regrouping the assets into a holding company structure. The central holding of the group is Andrade Gutierrez S.A. (AGSA).AGSA has requested that IFC provide a financial package with the intent of strengthening the group''s financial structure by lengthening the maturity of its financing. Part of the loan proceeds will be applied to new investments of the group, most likely to occur in Brazil''s infrastructure sector, in which case it would do so through AG Concessoes.