Banco Macro S.a. Announces A Purchase Agreement With Itaú Unibanco Holding S.A To Acquire Banco Itaú Argentina S.a. And Its Subsidiaries

Author: Benzinga Newsdesk | August 24, 2023 07:02am

BUENOS AIRES, Argentina, Aug. 24, 2023 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro" or the "Purchaser") announces that yesterday it has entered into a stock purchase agreement (the "Agreement") with Itaú Unibanco Holding S.A., through its affiliates Itaú Unibanco S.A., Banco Itaú BBA S.A. and Itaú Consultoria de Valores Mobiliários e Participaçoes S.A. (collectively, "Itaú"), pursuant to which, subject to the satisfaction of certain conditions (substantially the approval of the transaction by the Central Bank of Argentina), the Purchaser will acquire from Itaú the shares representing 100% of the capital stock and votes of Banco Itaú Argentina S.A., Itaú Asset Management S.A. and Itaú Valores S.A

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