Banco Macro (BMA) and Fintech Digital agreed to purchase all of the outstanding stock and voting rights of Banco Saenz from a trio of individual investors for $2 million plus an amount in Argentine pesos equal to shareholders' equity to be determined before closing.
The sellers are Liliana Monica Fravega, Facundo Fravega, and Luciano Gonzalez-Lobo, Banco Macro said Friday in a statement.
The closing of the transaction is subject to the approval of Argentina's central bank.
Price: 69.67, Change: +0.95, Percent Change: +1.38
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