Grupo Financiero Galicia S.A. (NasdaqCM:GGAL) made an irrevocable offer to acquire additional 6% stake in Tarjetas Regionales S.A. from Juan Carlos Angulo, Alejandro Pedro Angulo, Miguel Angel Innocenti and José Luis Innocenti for $49 million on August 9, 2017. Juan Carlos Angulo, Alejandro Pedro Angulo, Miguel Angel Innocenti and José Luis Innocenti will each sell 5.66 million Class A common shares and 10.51 million Class B common shares. Grupo Financiero Galicia S.A will use the proceeds from the offering to fund the deal. The transference of the shares will be perfected before January 5, 2018. Grupo Financiero Galicia S.A. (NasdaqCM:GGAL) completed the acquisition of an additional 6% stake in Tarjetas Regionales S.A. from Juan Carlos Angulo, Alejandro Pedro Angulo, Miguel Angel Innocenti and José Luis Innocenti on January 5, 2018. Grupo Financiero Galicia paid the purchase price on January 5, 2018.