Grupo Financiero Galicia S.A. Announces Major Secondary Offering
Grupo Financiero Galicia S.A. Announces Pricing of Secondary Offering
BUENOS AIRES — Grupo Financiero Galicia S.A. (Nasdaq: GGAL), one of the prominent financial services groups in Argentina, revealed the pricing details of a secondary offering facilitated by HSBC Bank plc. This offering consists of 11,721,449 American Depositary Shares (ADSs), which correspond to 117,214,490 Class B ordinary shares of the company, offered at a price of $54.25 per ADS. This offering highlights the company’s ongoing commitment to providing liquidity and enhancing shareholder value.
Details of the Offering
The complete offering is conducted by the Selling Shareholder, HSBC Bank plc, which will obtain all proceeds from the sale. It's important to note that the company itself is not participating in this offering and, as such, will not gain any funds from the process.
Underwriters and Closing Date
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC serve as the underwriters for this offering. The anticipated closing date for the transaction is set for June 12, 2025, pending the fulfillment of customary closing conditions.
Regulatory Framework
The offering is executed under an effective shelf registration statement on Form F-3, which has been filed with the U.S. Securities and Exchange Commission (SEC). Accompanying documents, including a final prospectus supplement that outlines the specifics of the offering, will also be filed with the SEC in due course. Interested parties may acquire these documents via channels outlined in the previous announcements.
Document Availability
The prospectus and its supplementary documents can typically be acquired free of charge—keeping in mind the continuous updates regulated by the SEC. These documents are crucial for potential investors seeking to understand the terms of the offering and the overall investment landscape.
About Grupo Financiero Galicia S.A.
Grupo Financiero Galicia S.A. is renowned as a leading financial services holding company in Argentina. With over a century of experience, the company is committed to cultivating long-term value through a wide range of services. These services include savings options, credit facilities, investment choices, insurance solutions, and advice, all tailored to enhance customer experiences while fostering sustainable development.
Service Portfolio
The diverse portfolio of Grupo Financiero Galicia includes notable entities such as Banco Galicia, Galicia Securities, and several other financial subsidiaries. This extensive integration allows the company to cater comprehensively to individuals, businesses, and organizations, ensuring a robust support system that prioritizes customer needs.
Investor Communication
For those seeking further information regarding the company's financial activities, they can reach out to the Investor Relations Officer, Mr. Pablo Firvida. He is available for inquiries at the provided contact details, where interested investors can discuss financial matters, operational updates, or gain insights into future endeavors.
Investor Relations Contact
Mr. Pablo Firvida
Investor Relations Officer
www.gfgsa.com
+5411 6329 4881
inversores@gfgsa.com
Frequently Asked Questions
What is the main purpose of the secondary offering announced?
The secondary offering aims to provide liquidity to the current shareholders, specifically those involved in the transaction through HSBC Bank plc.
When is the expected closing date of the offering?
The closing date for the offering is scheduled for June 12, 2025, subject to customary closing conditions.
Who are the underwriters of this offering?
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are the designated underwriters for this offering.
WillGrupo Financiero Galicia S.A. benefit from the offering?
No, Grupo Financiero Galicia S.A. is not selling any shares in this offering and will not receive any proceeds from the transaction.
How can investors obtain the offering documents?
Investors can obtain documents related to the offering by contacting the underwriters or by visiting the SEC’s website.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.