April, 2017 - Buenos Aires, Argentina
Banco de Galicia Sells Stake in Aguas Cordobesas to Benito Roggio e Hijos
On April 12th Benito Roggio and Hijos S.A. acquired Banco de Galicia’s stake in Aguas Cordobesas S.A. (ACSA), equal to 10.83% of the share capital of the water and sewer services provider in the city of Córdoba. To date, 7.83% has been transferred and the remaining 3% is subject to approval by the Regulatory Authority. Prior to this transaction, the buyer already owned 61.15% of ACSA’s shares. If this purchase is approved, then Benito Roggio e Hijos would control 71.98% of ACSA’s share capital.