Galeno Capital S.A.U and Julio Alfredo Fraomeni reached an agreement to acquire 100% of Compañía Financiera Argentina S.A. and 95% of Cobranzas y Servicios S.A. from Grupo Financiero Galicia S.A. (BASE:GGAL) and Banco de Galicia & Buenos Aires S.A. on January 12, 2017. Under the terms of the acquisition, Banco and Grupo will sell their 97% and 3% stake respectively in Compañía and Banco will sell its 95% stake in Cobranzas As of January 4, 2018, Banco received approximately ARS 670 million, Grupo received ARS 20.6 million for Compañía and Banco received ARS 11.5 million for Cobranzas. The deal is subject to an approval by the Banco Central de la República Argentina and other regulating entities. As of December 5, 2017, Banco Central de la República Argentina approved the deal. The economic result of the transaction will not have a significant impact on the Banco Galicia’s shareholders’ equity. Lazard acted as financial advisor and Estudio Beccar Varela acted as legal advisor for Banco de Galicia & Buenos Aires S.A.