News

25 March 2020

Pérez Alati, Grondona, Benites & Arntsen lead Banco Santander Rio S.A. shares issuance

Pérez Alati, Grondona, Benites & Arntsen has advised Banco Santander Rio S.A. (the "Bank" or the "Company"), on a new increase of its capital stock in the amount of Arg. $1,421,060,000 (approximately US$ 21,862,461) through the issuance of 82,000,000 new Class "B" common shares (the "New Shares"). The Bank's New Shares are listed on Bolsas y Mercados Argentinos S.A. ("BYMA") and on the Latin American Stock Exchange in Euros ("Latibex").

The Company increased its capital stock to capitalise irrevocable capital contributions made by its shareholders Ablasa Participaciones,S.L. and BRS Investments S.A., owned by  Santander Group, and also offered the Bank's shareholders the subscription of New Shares to be paid in cash.  The New Shares were offered in subscription at Arg.$ 17.33 (US$ 0.266) , with a par value of Arg $ 1 and a share premium of Arg. $ 16.33. 

The issuance was completed on March 14, 2020.

 

Counsel of the transaction

Pérez Alati, Grondona, Benites & Arntsen  

Partner María Gabriela Grigioni and associates Tomas Rago and Natalia Sofía Güttner

Counsel to Banco Santander Rio S.A.

In-house counsel: Celeste Ibañez, Federico Giovini y Jessica La Porta

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