We advised VALO on its New Shares Public Offering (Follow On)

Bruchou & Funes de Rioja and Salaverri | Burgio | Wetzler Malbrán advised on the successful New Shares Public Offering (Follow On) of VALO (Banco de Valores S.A.).

VALO is a full-service corporate bank with a presence in Argentina, Uruguay, Paraguay, and the United States. In the context of its transformation following the merger with Columbus, and in order to further strengthen its growth strategy, VALO offered to the public new common shares with a par value of $1 each and entitled to one vote per share, resulting in the allocation of 150,000,000 new common shares at a subscription price of $470 per share (the “New Shares”).

As a result of this capital increase, the entity will be able to expand its active portfolio by financing its clients’ working capital and capital expenditures (CapEx), while simultaneously strengthening the funding allocated to its Sales & Trading activities.

Banco de Valores S.A. acted as issuer, arranger, placing agent and settlement agent; Balanz Capital Valores S.A.U. and Allaria S.A. acted as arrangers and placing agents (the “Arrangers”) and Puente Hnos. S.A. and Latin Securities S.A. acted as placement agents (the “Placement Agents”) of the offered New Shares.

Legal counsel to Banco de Valores S.A.

Bruchou & Funes de Rioja (Banking & Capital Markets Department): Partner Leandro Exequiel Belusci and associates Marco Haas and Manuel Vergez Dinatale.

Legal counsel to the Arrangers and Placement Agents.

Salaverri | Burgio | Wetzler Malbrán: Partner Roberto Lizondo and associates Natalia Ostropolsky, Santiago Linares, Fermín Doria Medina, María Agustina Nallim and Ignacio Pérez Bentancourt.