23 July 2021

Sale of shares of Los Grobo SGR by Los Grobo Agropecuaria S.A. to a company controlled by Cono Sur Inversiones S.A.

PAGBAM advised Los Grobo Agropecuaria S.A. and its affiliates in the sale of 45.7% of the capital stock of Los Grobo S.G.R. (the "Company") to a consortium composed of Cono Sur Inversiones S.A. and other argentine investors.

Los Grobo SGR is a mutual guarantee company (Sociedad de Garantia Reciproca) organized and governed under the terms of Title II of the Small and Medium-Sized Companies Law, Law No. 24,467 -including its amendments and regulations, among them and without limitation, Decree No. 699/2018 and Res. of the SEPyME No. 455/2018- (the "PyME Law"), and that develops its commercial activity as such, mainly assisting SMEs in the agricultural sector, by granting endorsements and guarantees, in addition to offering advice in the development and evaluation of investment projects.The transaction was carried out on July 21, 2021 through the execution of a share purchase agreement.

The Company will change its corporate name to "Promover SGR".

The following legal advisors participated in the transaction:

For the purchasers, MBP PARTNERS:Partner: Ignacio M. Meggiolaro
Associates: Karina Gabriela Damiano and Lucas Gianolio

For the sellers, Perez Alati, Grondona, Benites & Arntsen (PAGBAM):

Partner: Santiago Daireaux
Counsel: Estefanía Paula Balduzzi
Associates: Tomás Fernández Madero and Andrés Bennett"

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.


* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.