Press Releases

Beccar Varela advised Banco Galicia and Grupo Financiero Galicia on the acquisition of HSBC Argentina's business for a value of US$ 550 million (subject to adjustments). The agreement was signed on April 9th. The closing of the transaction is conditioned upon approval from the Central Bank of the Argentine Republic and will be presented before the Competition Authority.HSBC's Argentine Bank has a network of over 100 branches, 3,100 employees, and around one million clients ...

Beccar Varela and FERRERE (Paraguay) jointly advised McDonald’s Latin America LLC on the negotiation and execution in March of a multi-unit franchise agreement (“MUFA”) with Paraguayan Developmental Licensee for the operation of 25 existing McDonald’s restaurants in Paraguay.Paraguay currently has 25 McDonald’s restaurants, but new openings are expected to happen in the near future as per an opening plan included in the agreement ...

As of April, Maximiliano N. D'Auro takes over as Managing Partner of Beccar Varela, a leading full-service corporate law firm in Argentina.Some years ago, the partners of Beccar Varela designed a succession plan, anticipating that Horacio E. Beccar Varela - Managing Partner for over two decades - should leave the role in 2024 when he reached the maximum age established in the bylaws to hold the position, having been elected by assembly successively since he took office ...

On March 6th, Vista Energy Argentina S.A.U. (“Vista”) successfully issued Class XXIII Notes– simple, non-convertible into shares, denominated, integrated and payable in U.S. Dollars abroad– for a total nominal amount of US$60,000,000 (the “Class XXIII Notes”). The issuance was made under the company’s Global Program of up to US$800,000,000 (or its equivalent in other currencies or units of value) ...

On February 15th, global IT consulting firm Bridgenext acquired 100% of the shares of Folcode SRL, an Argentine company specialized in the development of digital products with more than 15 years of experience in the software industry.The Folcode acquisition marks Bridgenext’s expansion into South America, which directly responds to the need for nearshore delivery teams to provide more comprehensive access to its talent ...

Buenos Aires, February 15th, 2024. On February 1st, Newsan S.A. issued Class 20 Notes, whose placement was made for a total nominal amount of AR$12,000,000,000,000 —AR$7,296,326,489 paid in cash and AR$4,703,673,511 paid with Class 14 Notes—. The issuance was carried out under the global program for the issuance of short, medium, and long-term negotiable obligations for a nominal amount of up to US$300,000,000 authorized by the National Securities Commission (CNV) ...

Buenos Aires, February 15th, 2024. On January 17th, Banco de Galicia y Buenos Aires S.A.U. issued Class XIII Notes — simple, not convertible into shares, not guaranteed, denominated, integrable and payable in Pesos—, for a total nominal amount of AR$24,727,777,777 ...

Buenos Aires, February 7th, 2024. On February 5th, , Tarjeta Naranja S.A.U. issued Class LXI Notes —which are simple, non-convertible into shares, unguaranteed— for a total nominal amount of AR$35,000,000,000. The issuance was carried out under the Frequent Issuer Regime established in Section VIII, Chapter V, Title II of the National Securities Commission (Comisión Nacional de Valores) Regulations ...

Buenos Aires, December 20th, 2023. On December 1st, 2023, Phenna Group acquired CEIMIC Life Sciences Testing Group, a company specialized in life sciences testing that, after a long period of expansion, now has one of the main laboratory networks in the Americas, offering quality analytical services, sampling, technology, and logistics spanning seven Latin American countries, Dominican Republic, and the USA.Phenna Group has signed its fourteenth agreement of 2023 by acquiring CEIMIC ...

Buenos Aires, December 12th, 2023. On December 5th, Centro Desarrollo Agrícola S.A. (CDA) carried out its first issuance of Notes under the SME Simplified and Guaranteed Regime of the Argentine Securities and Exchange Commission (CNV, for its acronym in Spanish). The Centro Desarrollo Agrícola Series I Class II Notes, denominated in US Dollars, to be integrated and payable in Pesos in Argentina, were issued for a total nominal amount of US$750,000 ...

Buenos Aires, 13 November 2023. On November 9th, Beccar Varela promotedDr. María Eduarda Nocetito the partner category, both in recognition of her talent and the great contribution she has made to the firm throughout her career. With this appointment, Beccar Varela strengthens itsLabor & Social Security Law department, currently led by partner Álvaro J. Galli.Managing partner Horacio E ...

Buenos Aires, November 2nd, 2023. On October 11th,Special Grains S.A.andPetroagro S.A.(the “Co-Issuers”) conducted their third co-issuance of notes. Class III Notes are simple, non-convertible into shares, denominated in U.S. Dollars but integrated and payable in Argentine Pesos (in Argentina), for a total nominal amount of US$8,828,150. The Notes were issued under the Companies’ Global Program of up to US$35,000,000 ...

On November 2nd, 2023, the Pro Bono Committee of the International Bar Association (“IBA”) recognizedMaría Fernanda Mierez, partner at Beccar Varela, with theIBA Pro Bono Lawyer 2023award at the Section on Public and Professional Interest Breakfast, which took place during the association’s most important event, the IBA Annual Conference, this time celebrated in Paris from October 29th to November 3rd, 2023 ...

Buenos Aires, October 26th, 2023. On October 6th, the Don Mario Group (GDM) acquired the Argentine subsidiary of Brazilian company Biotrigo Genética, a leader in wheat cultivation in Latin America. The operation is subject to the approval of the National Commission of Competition Defense of Argentina (CNDC).With the incorporation of Biotrigo, GDM will increase its investment in plant genetics research and development programs ...

Buenos Aires, September 21st, 2023. It is with great sadness that Beccar Varela announces the passing of its beloved former partner and former president of the Executive Committee, Horacio Beccar Varela, father of the current managing partner, on September 14th, in the city of Escobar. Horacio obtained his Law degree from Universidad de Buenos Aires in 1953. He was one of the first Argentines to obtain an LLM from Harvard University, in 1958 ...

Buenos Aires, 19 September 2023. On September 12th, PRO MUJER Servicios Financieros S.A. carried out a new issuance of social bonds with focus on gender perspective under the Simplified and Guaranteed Regime for issuances with Social Impact. The PRO MUJER Series II Notes, maturing on September 12th, 2024, were issued for a nominal amount of AR$370,000,000, and will accrue interest at a floating rate equivalent to Private Badlar Rate plus a 2.50% nominal annual margin ...

Buenos Aires, 15 September 2023. On September 8th, Silo Chico S.A. issued its first Notes under the SME Simplified and Guaranteed Regime of the Argentine Securities and Exchange Commission (CNV, for its acronym in Spanish). Silo Chico Series I Notes, denominated in US Dollars, to be integrated and payable in Pesos in Argentina, were issued for a total nominal amount of US$3,000,000 and will accrue interest at an annual fixed rate of 2.0% ...

Buenos Aires, 15 September 2023. On September 13th, the NGO Sumatoria para una Nueva Economía (Sumatoria) carried out its fourth notes issuance, whose funds are aimed at financing thirteen projects and ventures with social, green, and sustainable impact in areas such as financial inclusion, agroecology, organic and healthy eating, conservation and regeneration, socio-urban infrastructure, social economy, circular economy, and impact organizations and companies ...

Buenos Aires, 7 September 2023. Banco Macro S.A. ("Banco Macro") announced that on August 23rd, 2023, it entered into a stock purchase 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 ...

Buenos Aires, 17 August 2023. On August 11th, 2023, Grupo Sura (Suramericana), of Colombian origin, transferred its insurance business in Argentina —Seguros Sura S.A.— to Sudamericana Holding, Galicia Seguros’ controller company. The deal value is US$19 million and includes almost 800,000 customers, 13 branches, and 500 employees. Transactions of this scale are rare in Argentina’s current insurance industry ...

Buenos Aires, August 16th, 2023. On August 11th, Vista Energy Argentina S.A.U. successfully issued Class XXI Notes – simple, non-convertible into shares, denominated in U.S. Dollars- for a total nominal amount of $70,000,000. These Notes will be paid in Argentine Pesos at the Initial Exchange Rate and payable in Pesos at the Applicable Exchange Rate. The issuance was carried out under the company’s Global Program of up to US$800,000,000 ...

Buenos Aires, 8 August 2023. On July 27th, 2023, Tarjeta Naranja S.A.U. issued class LIX Notes — simple, non-convertible into shares, unguaranteed—, for a total nominal amount of AR$ 12,072,087,376. The issuance was carried out under the Argentine Securities and Exchange Commission Frequent Issuer Regime, established in Section VIII, Chapter V, Title II of this entity’s regulations ...

Buenos Aires, July 10th, 2023. On June 30th, Agrofina S.A. issued Class XII Notes — simple, non-convertible into shares, denominated in U.S. Dollars—, to be integrated with either cash in Argentine Pesos or promissory notes, and payable in Argentine Pesos. The issuance was made under the company’s Global Program of up to US$80,000,000 ...

Buenos Aires, July 10th, 2023. On June 22nd, Metalfor S.A. issued the PYME CNV Series I Notes. The issuance was carried out under the global program for the issuance of simple notes, non-convertible into shares, with a nominal value in circulation of up to US$19,844,444 (or its equivalent in other currencies, measurement units, and/or units of value), under the SMEs regime (the PYME CNV regime). These Notes will mature on June 22nd, 2025 ...

Buenos Aires, July 10th, 2023. On June 28th, 2023, Agropecuaria las Marías S.A. conducted its first notes issuance under the PYME CNV Garantizada Regime (SME Guaranteed Regime). Series I Notes were issued with a total nominal value of US$2,572,970, with a maturity date of June 28th, 2026, and will not accrue interest. Furthermore, they were subscribed by investors at a price of 108.50% of their nominal value ...