Sociedad Anónima Importadora y Exportadora de la Patagonia (BASE:PATA) and Federico Braun accepted the offer to acquire 60% stake in Tarjetas del Mar S.A. from Banco de Galicia y Buenos Aires S.A. and Compañía Financiera Argentina S.A. for $5 million on March 30, 2017. As per the terms of the deal, Banco de Galicia y Buenos Aires Sociedad Anónima offered to sell 58.8% stake in Tarjetas del Mar S.A. to Sociedad Anónima Importadora y Exportadora de la Patagonia, which was accepted on the same date. Compañía Financiera Argentina S.A. will sell its entire stake in Tarjetas del Mar S.A. representing 1.2% stake to Federico Braun. Post-completion, Sociedad Anónima Importadora y Exportadora de la Patagonia will hold 98.8% stake in Tarjetas del Mar. The transaction will not have a significant impact on the equity of Banco de Galicia y Buenos Aires. Sociedad Anónima Importadora y Exportadora de la Patagonia (BASE:PATA) and Federico Braun completed the acquisition of 60% stake in Tarjetas del Mar S.A. from Banco de Galicia y Buenos Aires S.A. and Compañía Financiera Argentina S.A. on March 30, 2017.