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Grupo Galicia completes Compañía Financiera stake sale for 30.8M Argentine pesos

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Grupo Galicia completes Compañía Financiera stake sale for 30.8M Argentine pesos

Grupo Financiero Galicia SA said it completed the sale of its minority 3% stake in Compañía Financiera Argentina SA to Julio Alfredo Fraomeni and Galeno Capital SAU for a final price of about 30.8 million Argentine pesos.

The final price for the deal, which was completed March 26, is slightly lower than the adjusted price of 31.3 million pesos proposed by Galicia earlier this year.

As of March 28, US$1 was equivalent to 20.15 Argentine pesos.