Rumours have surfaced on the business news service, Zephus.com, of the forthcoming acquisition of Argentina’s Banco Galicia. A prospective purchaser has not been publicly disclosed by the source.
Banco Galicia is the parent of one of the leaders in the Argentine factoring market. According to estimates made by Fiorito Factors in 2001 Galicia Factoring, Buenos Aires Factoring, Banex and Heller were joint market leaders in 2000, accounting for 12% each of Argentina’s factoring market.
BCR
