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Grupo Financiero Galicia SA ( (GGAL) ) has issued an announcement.
On February 7, 2025, Grupo Financiero Galicia S.A. announced the results of its subscription rights offering, which expired on February 6, 2025. The offering resulted in the subscription of 645,721 American Depositary Shares, representing 36.4% of the offered ADSs, and generated approximately $34.75 million in gross proceeds. These funds, along with proceeds from a concurrent rights offering in Argentina, are expected to be used for the acquisition of HSBC Latin America B.V.’s banking, asset management, and insurance businesses in Argentina, potentially impacting the company’s market position and growth strategy.
More about Grupo Financiero Galicia SA
Grupo Financiero Galicia S.A. is one of Argentina’s largest financial services groups, primarily engaged in providing banking, asset management, and insurance services. The company is focused on expanding its presence in the Argentine financial market.
YTD Price Performance: -3.12%
Average Trading Volume: 1,114,866
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.04B
For detailed information about GGAL stock, go to TipRanks’ Stock Analysis page.
