Grupo Financiero Galicia SA (GGAL) has released an update.
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Grupo Financiero Galicia S.A. is set to issue over 113 million new Class ‘B’ shares as part of a transaction to acquire equity interests in HSBC Argentina. The shares, valued at $1 per share and priced at USD 2.421 each, will be offered publicly following authorization from the Argentina Securities Commission and Bolsas y Mercados Argentinos. This move marks a significant step in the company’s expansion strategy, offering investors potential growth opportunities.
For further insights into GGAL stock, check out TipRanks’ Stock Analysis page.