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
The price of the Agreement was set at US$50,000,000, which will be paid on the closing
date of the transaction (the "Closing Date"), and an additional
amount resulting from a potential adjustment that will be
eventually set based on the results obtained by Banco Itaú
Argentina S.A., Itaú Asset Management S.A. and Itaú Valores S.A.
between April 1, 2023, and the
Closing Date.
This press release includes statements concerning potential
future events involving Banco Macro that could differ materially
from the events that actually occur. The differences could be
caused by a number of risks, uncertainties and factors relating to
Banco Macro's business. Banco Macro will not update any
forward-looking statements made in this press release to reflect
future events or developments.
IR Contact in Buenos
Aires:
Jorge Scarinci
| Chief Financial Officer
Nicolás A. Torres | Investor Relations
E-mail: investorelations@macro.com.ar | Phone: (54 11) 5222
6682
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SOURCE Banco Macro S.A.