Banco Comafi’s Acquisition of Deutsche Bank Argentina


Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz advised on the deal

As part of the Bank’s Strategy 2020 plan to rationalize its global footprint, Deutsche Bank has entered into an agreement to sell its subsidiary (Deutsche Bank S.A.) in Argentina to Banco Comafi S.A. Deutsche Bank will continue to serve its clients in Argentina from global and regional hubs.

Directorio del Banco Central de la República Argentina (BCRA) approved the deal on October the 5th. .

Terms of the transaction were not disclosed.

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Perez Alati, Grondona, Benites, Arntsen & Martínez de Hoz advised Banco Comafi S.A. with Diego Serrano Redonnet (Picture), Tomás Dellepiane and Lucas Cataldi.

Involved fees earner: Diego Serrano Redonnet – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Tomás Dellepiane – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Lucas Cataldi Othacehe – Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Law Firms: Pérez Alati, Grondona, Benites, Arntsen & Martínez;

Clients: Banco Comafi S.A.;

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Author: Ambrogio Visconti.