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Aenza S.A.A. - $AENZ STOCK NEWS

Welcome to our dedicated page for Aenza S.A.A. news (Ticker: $AENZ), a resource for investors and traders seeking the latest updates and insights on Aenza S.A.A. stock.

Aenza S.A.A. (NYSE: AENZ, BVL: AENZAC1) is a leading regional corporation specializing in engineering and construction services, infrastructure and energy concessions, and real estate management. Based in Lima, Peru, Aenza operates through various sectors to drive sustainable growth and innovation in Latin America.

Aenza's core business involves the design, construction, operation, and maintenance of complex projects, including highways, bridges, and water treatment plants. The company is also active in the energy sector, focusing on renewable energy projects that contribute to the region's energy transition goals. In real estate, Aenza manages and develops residential, commercial, and industrial properties, leveraging its extensive experience and market knowledge.

In recent developments, Aenza has taken significant steps to streamline its operations and focus on its primary markets. On May 15, 2023, the company filed its annual report on Form 20-F for the year ended December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). This filing is available on the company's website and provides a comprehensive overview of its financial performance and strategic initiatives.

Furthermore, Aenza's Board of Directors approved the intention to delist its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE) on November 1, 2023. This decision followed a thorough evaluation of the limited trading volume of its ADSs and the significant costs associated with maintaining the listing. By concentrating its equity trading on the Lima Stock Exchange, Aenza aims to increase liquidity and reduce operational complexities.

Despite the delisting, Aenza remains committed to maintaining transparent communication with its shareholders and investors. The company continues to provide detailed financial statements and updates on its website, ensuring that stakeholders have access to timely and accurate information.

Overall, Aenza S.A.A. stands as a pivotal player in the regional market, driving infrastructure development, energy innovation, and real estate management with a focus on sustainability and efficiency.

Rhea-AI Summary
AENZA S.A.A. (AENZA) has announced its intention to voluntarily delist the American Depositary Shares (ADSs) representing its common shares from the New York Stock Exchange (NYSE). The decision is based on the company's significant operational changes, limited trading volume of the ADSs, and the substantial costs associated with maintaining the listing on the NYSE. AENZA believes that concentrating the trading of its equity in one market will potentially increase liquidity and reduce complexity. The company's common shares will continue to trade on the Lima Stock Exchange in Peru.
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FAQ

What is Aenza S.A.A.?

Aenza S.A.A. is a regional corporation specializing in engineering and construction services, infrastructure and energy concessions, and real estate management.

Where is Aenza S.A.A. based?

Aenza S.A.A. is based in Lima, Peru.

What are the core business areas of Aenza?

Aenza's core business areas include engineering and construction, infrastructure and energy concessions, and real estate management.

What recent financial filing did Aenza make?

On May 15, 2023, Aenza filed its annual report on Form 20-F for the year ended December 31, 2022, with the SEC.

Why is Aenza delisting its ADSs from the NYSE?

Aenza is delisting its ADSs due to limited trading volume and the high costs of maintaining the listing. The company aims to concentrate equity trading on the Lima Stock Exchange to increase liquidity and reduce complexities.

Will Aenza's common shares continue to trade after the ADS delisting?

Yes, Aenza's common shares will continue to trade on the Lima Stock Exchange in Peru.

How can shareholders access Aenza's financial statements?

Shareholders can access Aenza's financial statements on the company's website or request a hard copy from the Investor Relations Department.

What sectors does Aenza operate in?

Aenza operates in engineering and construction, infrastructure and energy concessions, and real estate management.

Who should be contacted for investor relations inquiries?

For investor relations inquiries, contact Paola Pastor Aragón, Head of Investor Relations at paola.pastor@aenza.com.pe.

Does Aenza focus on sustainability?

Yes, Aenza focuses on sustainable growth and innovation, particularly in its energy and infrastructure projects.

Aenza S.A.A.

NYSE:AENZ

AENZ Rankings

AENZ Stock Data

177.85M
561.44M
3.97%
0.01%
Highway, Street, and Bridge Construction
Construction
Link
Peru
Lima