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Argentina: Banks Galicia and Patagonia reveal sale price of shares in Prisma

By  |  July 29, 2019
Argentine banks Galicia and Patagonia revealed last Monday the sale price for their shares in the Prisma company, which was bought by US-based Advent fund in January as part of a ruling by the competition authorities.

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    The sale of Prisma was completed after an investigation by the National Commission for the Defense of Competition (CNDC), who determined that the Prisma company held a dominant position in the payments sector in Argentina, ordering its prompt divestment.

    Prisma, a company that owns the operating license for Visa and Banelco, was owned by 14 banks operating in Argentina. Patagonia reported that it would have sold its shares for US$37.8 million, while Galicia determined a final price of US$104.4 million
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