We advised Allaria S.A. on its strategic alliance with Grupo Sancor Seguros to acquire a stake in Banco del Sol
Bruchou & Funes de Rioja advised Allaria S.A., the leading company in Argentina’s capital markets by business volume and the country’s top Clearing and Settlement Agent (ALyC), on the acquisition of an initial 9.5% stake in Banco del Sol’s share capital. This marks the first step in a strategic alliance between Allaria and Grupo Sancor Seguros, aimed at providing comprehensive financial services to companies across the country.
Allaria’s incorporation into Banco del Sol’s shareholding structure was executed subject to the approval of the Central Bank of Argentina.
In addition to the capital injection through Allaria Créditos S.A., Allaria and Argenpymes, Allaria will contribute to the development of Banco del Sol’s digital banking platform, offering a broad range of instruments and services to optimize capital management and improve corporate access to financing. This includes its virtual wallet (PSP) Allaria +, as well as its expertise in Reciprocal Guarantee Societies (SGR), agribusiness, real estate, fund management, and international wealth management for both individuals and corporations.
Through this alliance, Allaria partners with Sancor Seguros, the leading insurance group in Argentina and the region, with a presence in the healthcare market and operations in Brazil, Uruguay, and Paraguay.
Advisors to Allaria S.A.
Bruchou & Funes de Rioja: Partners Hugo Bruzone and Estanislao Olmos. Senior associate Agustina Rocca and Youssef El Chaer, and associates Sol Scelzi, Santiago Cleti, Felipe Rufino, Lucía Perondi Nuñez, and Quimey Waisten.
Advisors to Banco del Sol
Sergio Montagna, Director of Grupo Sancor Seguros and Head of Legal Affairs, and Estudio Lorente: Javier Lorente and Martín Rozental.
