TCA Tanoira Cassagne advises on the OPA of Mercado Abierto Electrónico S.A. (MAE)

TCA Tanoira Cassagne advised Mercado Abierto Electrónica S.A. -MAE- (the "Offeror") within the framework of the Public Offer for the Voluntary Acquisition of Own Shares.

Banco de Galicia y Buenos Aires S.A. and Balanz Capital Valores S.A.U. acted as agents of the OPA. Likewise, Banco de Galicia y Buenos Aires S.A. participated as guarantor of the OPA.

The formal authorization of the OPA was granted by the Comisión Nacional de Valores (argentine national securities and exchange commission) on August 24, 2022.

The OPA was addressed to all shareholders in order to acquire 205,000 book-entry ordinary shares with a par value of $0.10 per share, entitled to one (1) vote per share of MAE, which represented 8.45% of the share capital of the bidder.

The offered price was AR$3,100 per share.

All the shares were finally acquired for a value of AR$635,500,000. The 205,000 shares acquired were sold by a total of 15 shareholders accepting the OPA.

MAE is the most important electronic market to negotiable securities, foreign currency trading and other financial products in Argentina and which main activity is to perform as a trading market for negotiable securities in which agents registered can trade said securities. 
Legal advisors of the transaction:

TCA Tanoira Cassagne through its team led by its Partners Alexia Rosenthal and Rafael Algorta the Associates Ignacio Nantes, María Franco and Romina Maldonado.
MAE internal legal Advisor: Gabriel Edgardo Romeo