Key Developments: Banco Macro SA (BMA)

BMA on New York Consolidated

40.42USD
19 Sep 2014
Price Change (% chg)

$-0.75 (-1.82%)
Prev Close
$41.17
Open
$40.99
Day's High
$41.21
Day's Low
$39.50
Volume
158,114
Avg. Vol
279,054
52-wk High
$51.96
52-wk Low
$16.42

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Latest Key Developments (Source: Significant Developments)

Banco Macro transfers its entire stake in Banelco to Visa Argentina
Wednesday, 27 Aug 2014 03:27pm EDT 

Banco Macro SA:Transfers its entire stake it held in Banelco SA to Visa Argentina SA.Stake consists of 1,071,716 shares, equivalent to 4.5413 percent stake.Transaction price 11,126,240.53 pesos.  Full Article

Banco Macro gives dividend payment date
Thursday, 19 Jun 2014 12:02pm EDT 

Banco Macro SA:Says dividend of 596,254,288.56, equivalent to 1.02 pesos per share, to be paid on July 1.  Full Article

Fitch affirms rating on Banco Macro-DJ
Wednesday, 19 Mar 2014 04:17pm EDT 

Banco Macro SA:Fitch Ratings has affirmed international ratings of Banco Macro (Macro)-DJ.Fitch affirmed at b- and B-, respectively, bank viability ratings (VR) and long term local currency Issuer Default Ratings (LT LC IDR).Rating outlook on LT LC IDRs remains negative.Fitch has also affirmed ratings on Macro senior unsecured and subordinated debt at B-/RR4 and CCC/RR6, respectively.  Full Article

Banco Macro SA to propose dividend
Monday, 10 Mar 2014 05:08pm EDT 

Banco Macro SA:To propose dividend of 596,254,288.56, equivalent to 1.02 pesos per share.  Full Article

Banco Macro SA Presents Prospectus Of Merger With Banco Privado de Inversiones SA
Friday, 3 May 2013 11:26am EDT 

Banco Macro SA announced that the Boards of Directors of the Company and Banco Privado de Inversiones SA have prepared to the shareholders the Merger Prospectus. Under terms of the agreement Banco Privado de Inversiones SA will be incorporated into Banco Macro SA. The merger will be based on the balance sheet of each company, made on December 31, 2012, and the general consolidated merger balance sheet. The exchange ratio was agreed on 0.106195 ordinary shares of Banco Macro SA for each ordinary share of Banco Privado de Inversiones SA. 77,860 new class B shares will be issued, at a nominal value of ARS 1 per share, with a right to vote and a right to dividends for the fiscal year initiated on January 1, 2013. The merger is subject to approval by the Central Bank of Argentina.  Full Article

Banco Macro SA Signs Preliminary Merger Agreement With Banco Privado de Inversiones SA
Friday, 8 Mar 2013 01:42pm EST 

Banco Macro SA announced that on March 7, 2013 it signed the Preliminary Merger Agreement with Banco Privado de Inversiones SA, under which the Company will incorporate Banco Privado de Inversiones SA, effective on January 1, 2013. The merger will be based on the balance sheet of each company, made on December 31, 2012, and the general consolidated merger balance sheet. The exchange ratio was agreed on 0.106195 ordinary shares of Banco Macro SA for each ordinary share of Banco Privado de Inversiones SA. Consequently, the minority shareholders of Banco Privado de Inversiones SA will be entitled to receive 0.106195 ordinary shares of Banco Macro SA, for each ordinary share held in the capital of Banco Privado de Inversiones SA. As a result, Banco Macro SA will increase its capital from ARS 594,485,168 to ARS 594,563,028. The agreement is subject to the approvals of the relevant bodies and their respective shareholders.  Full Article

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