Banco de la Ciudad de Buenos Aires’ Acquisition of Cordial Microfinanzas S.A.


Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) and Ortiz & Asociados have advised on the deal

Banco de la Ciudad de Buenos Aires has acquired 100% Stake of Cordial Microfinanzas S.A. from Supervielle S.A.

Banco de la Ciudad de Buenos Aires provides various banking products and services to small and medium enterprises (SMEs), large companies, and individuals. The bank, led by Luciano Laspina, Héctor González, Gustavo Stirparo, Claudio Ramos and Elena Cafaldo, is based in Buenos Aires.

Cordial Microfinanzas S.A. offers microfinance products and services in urban areas. The company was founded in 2007 and operates as a subsidiary of Supervielle Group.

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) has advised Banco de la Ciudad de Buenos Aires with Diego Serrano Redonnet (Picture), Pedro Eugenio Aramburu, Luis Barry, Enrique Betemps, Vanina Veiga y Maximiliano Batista. Asociados Lucas Cataldi Othacehé, Danilo Parodi Logioco, Luisina Luchini and Estefanía Balduzzi.

Ortiz & Asociados has advised Supervielle Group and Banco Supervielle with Jorge D Ortiz, Vanessa Mahia, Carlos Guaia, Florencia Ortiz Freuler, Juan Pablo Rovira, Sebastian Pellet Lastra and Augusto Lachiondo.

Involved fees earner: Jorge Ortiz – Ortiz & Asociado; Vanesa Mahia – Ortiz & Asociado; Carlos Ignacio Guaia – Ortiz & Asociado; Florencia Ortiz Freuler – Ortiz & Asociado; Juan Pablo Rovira Escalante – Ortiz & Asociado; Diego Serrano Redonnet – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Vanina Veiga – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Estefanía Paula Balduzzi – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Pedro Eugenio Aramburu – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Luis Barry – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Enrique Betemps – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Maximiliano Batista – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Lucas Cataldi Othacehe – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Danilo Parodi Logioco – Pérez Alati, Grondona, Benites, Arntsen & Martínez;

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

Clients: Banco Ciudad de Buenos Aires; Banco Supervielle S.A. ;

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Author: Ambrogio Visconti.