Alcogal advises G.B. Group Corporation in the exchange process of Series A and Series B cumulative preferred shares and issuance and placement of Serie C preferred shares

Alcogal acted as legal counsel to G.B. Group Corporation (holding company of Global Bank Corporation) in (i) the exchange process of Series A and Series B cumulative preferred shares without voting rights of G.B. Group Corporation for Series C preferred shares of G.B. Group Corporation and (ii) issuance and placement of Serie C preferred shares of G.B. Group Corporation. All of the aforementioned preferred shares are part of the same preferred shares issuance of up to US$200,000,000 registered with the Superintendence of Capital Markets, by way of Resolution SMV No. 487-18 of October 24th, 2018.

Both, the exchange process and the issuance and placement of the Series C preferred shares were done through the Latin American Exchange. 

The Alcogal partners in charge of the transaction were Arturo Gerbaud and Rafael Marquínez.