We advised HSBC on the closing of the transaction by which it sold its business in Argentina to Grupo Financiero Galicia

New Deal - January 16, 2025

Bruchou & Funes de Rioja has advised HSBC on the sale of its Argentinian banking, asset management and insurance business to Grupo Financiero Galicia, the largest private financial group in Argentina.

This transaction has closed as of 6 December 2024.

The interdisciplinary team from Bruchou & Funes de Rioja advising HSBC was led by partners Hugo N. Bruzone (Banking & Capital Markets), Estanislao H. Olmos and senior associate Agustina Rocca (Corporate and M&A), with support from associates Tomás Herrero Anzorena and Sol Scelzi.

The team also included partner Alejandro Perelsztein (Banking & Capital Markets), associate Quimey Waisten, partners Florencia Funes de Rioja, Eduardo Viñales and Lucila Tagliaferro (HR Law), partner Daniela Rey (Tax), partner María Lucila Winschel (Corporate), along with senior associate Manuel Olcese, associate Carolina de Felipe and partner Fernando Basch (Compliance). Completing the team were partner Gabriel Lozano (Competition & Antitrust) and senior associate Franco Raffinetti (Intellectual Property).

Additionally, HSBC was advised by Linklaters, led by partner Derek Tong, managing associate Cameron Western and associate Tom Davies.

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