We advised HSBC on the sale of its Argentinian banking, asset management and insurance business to Grupo Financiero Galicia

New Deal - April 18, 2024

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.

The transaction is subject to conditions, including regulatory approvals, and is expected to be completed within the next 12 months.

The interdisciplinary team from Bruchou & Funes de Rioja advising HSBC was led by partners Hugo N. Bruzone (Banking & Capital Markets), Estanislao H. Olmos, and Nicolás Dulce (M&A) team, with support from senior associate Franca Stafforini and associates Tomas Herrero Anzorena, Sol Scelzi, and Nicolas Yaryura Tobías.

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

Additionally, HSBC was advised by Linklaters, led by partner Derek Tong and associates Cameron Western, Tom Davies and Tanaya Rajwade.

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