Bruchou assists HSBC in the sale of its Argentine business to Grupo Financiero Galicia
Bruchou & Funes de Rioja has assisted HSBC in the sale of its banking, asset management and insurance business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina.
The transaction is subject to conditions, including regulatory approvals, and is expected to be completed within the next 12 months.
Other participating firms were Linklaters, as international advisor to HSBC, and Estudio Beccar Varela and Latham & Watkins, as advisors to Grupo Financiero Galicia, on a local and international basis, respectively.
Esteban Tresserras acted as in-house counsel to Grupo Financiero Galicia.
Bruchou & Funes de Rioja’s interdisciplinary team was led by partners Hugo N. Bruzone (pictured left), Estanislao H. Olmos (pictured centre) and Nicolás Dulce (pictured right), with the support of senior associate Franca Stafforini and associates Tomás Herrero Anzorena, Sol Scelzi and Nicolás Yaryura Tobías. The team also included partners Alejandro Perelsztein, Florencia Funes de Rioja, Lucila Tagliaferro, Daniela Rey, María Lucila Winschel, Fernando Basch and Gabriel Lozano, senior associates Manuel Olcese and Franco Raffinetti, and associates Lucila Dorado and Quimey Waisten.
Linklaters’ team included partner Derek Tong and associates Cameron Western, Tom Davies and Tanaya Rajwade.
Beccar Varela’s team comprised partners Roberto Crouzel and Maria Shakespear and senior associates Maria Benson and Luciana Liefeldt.
Latham & Watkins was represented by partner Beatrice Lo and associate Leah Adeniran.