Latham & Watkins has advised Grupo Financiero Galicia, the largest private financial group in Argentina, on the acquisition of HSBC’s Argentina business, which includes more than 100 branches and provides banking, asset management, and insurance services. The deal is worth US$550 million, subject to certain price adjustments.

The Latham team was led by London corporate partners Beatrice Lo and Neil Campbell, with New York partner Tony Del Pino and London associates Leah Adeniran, Kit Adamson, and Angus Baird. Advice was also provided on tax matters by London partner Aoife McCabe and counsel James Leslie; and on DTT matters by London partner Fiona Maclean and associate Grace Erskine. Latham & Watkins also worked closely with the Beccar Varela team who advised on Argentine law matters.