Visa Argentina S.A. acquired 53.64% stake in Banelco S.A from BBVA Banco Francés SA, Banco Santander Rio S.A., HSBC Bank Argentina S.A., Banco Patagonia S.A. and Industrial and Commercial Bank of China S.A.

Visa Argentina S.A. acquired 53.64% stake in Banelco S.A from BBVA Banco Francés SA (BASE:FRAN), Banco Santander Rio S.A. (BASE:BRIO), HSBC Bank Argentina S.A., Banco Patagonia S.A. (BASE:BPAT) and Industrial and Commercial Bank of China (Argentina) S.A. on August 27, 2014. HSBC Bank Argentina sold 1.1 million shares, Banco Santander Rio S.A. sold 3.9 million shares, Banco Patagonia S.A. sold 1.3 million shares, BBVA Banco Francés SA sold2.58 million shares and Industrial and Commercial Bank of China (Argentina) S.A. sold 3.9 million shares. In a related deal Banco de Galicia & Buenos Aires S.A. sold 3.9 million shares for ARS 40.1 million, Banco Macro sold 1.07 million shares for ARS 11.13 million to Visa Argentina S.A. Roberto Horacio Crouzel, Ramón Ignacio, Moyano & María Shakespear of Estudio Beccar Varela acted as the legal advisors to all the entities involved in the transaction.

Visa Argentina S.A. completed the acquisition of 53.64% stake in Banelco S.A from BBVA Banco Francés SA (BASE:FRAN), Banco Santander Rio S.A. (BASE:BRIO), HSBC Bank Argentina S.A., Banco Patagonia S.A. (BASE:BPAT) and Industrial and Commercial Bank of China (Argentina) S.A. on August 27, 2014.