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