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Grupo Financiero Galicia SA ( (GGAL) ) has shared an announcement.
In a strategic move to streamline its operations, Grupo Financiero Galicia S.A. announced on February 3, 2025, that it will undertake a corporate reorganization involving mergers by absorption among its subsidiaries. Banco de Galicia y Buenos Aires S.A.U. will absorb Banco GGAL S.A., and Galicia Asset Management S.A.U. will absorb GGAL Asset Management S.A. This reorganization aims to enhance efficiency and consolidate the company’s market position, potentially impacting stakeholders by simplifying the corporate structure.
More about Grupo Financiero Galicia SA
Grupo Financiero Galicia S.A. operates in the financial services industry and is based in Buenos Aires, Argentina. The company provides banking services through its subsidiaries, Banco de Galicia y Buenos Aires S.A.U. and Banco GGAL S.A., and also offers asset management services via subsidiaries Galicia Asset Management S.A.U. and GGAL Asset Management S.A.
YTD Price Performance: -1.92%
Average Trading Volume: 1,145,083
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.18B
Find detailed analytics on GGAL stock on TipRanks’ Stock Analysis page.
