June 7, 2017 / 3:13 PM / a year ago

Peru's Graña y Montero shares spike after asset sale

LIMA, June 7 (Reuters) - Shares of Peruvian construction company Graña y Montero spiked on Wednesday after the company sold some of its assets in an effort to strengthen its finances.

The company also said on Tuesday evening that Peruvian prosecutors would not include former Graña y Montero executives in a corruption investigation linked to the Brazilian construction company Odebrecht SA. That contributed to the surge in share prices, traders said.

As of 9:51 a.m. (1451 GMT) its shares on the Lima bourse were up 9.9 percent at 2.3 soles. Its American Depositary Receipts on the New York Stock Exchange were up 4.9 percent at $3.40. ($1 = 3.2615 soles) (Reporting by Ursula Scollo; Writing by Luc Cohen; Editing by W Simon)

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