HSBC Takes $1.1M Stake in Argentine Bank Grupo Financiero Galicia
HSBC Holdings PLC has filed an amended Schedule 13G (Amendment No. 1) regarding its ownership position in Grupo Financiero Galicia SA.
Rhea-AI Filing Summary
HSBC Holdings PLC has filed an amended Schedule 13G (Amendment No. 1) regarding its ownership position in Grupo Financiero Galicia SA. The filing discloses that HSBC holds 1,163,480 Class B Ordinary Shares in the form of 116,348 American Depositary Shares (ADSs), where each ADS represents ten Class B Ordinary Shares.
Key ownership details:
- Beneficial ownership represents 0.1% of outstanding shares
- Sole voting power: 1,163,480 shares
- Sole dispositive power: 1,163,480 shares
- No shared voting or dispositive power
The ownership percentage was calculated based on 1,325,032,079 Class B Ordinary Shares outstanding as of June 2, 2025. HSBC certifies that the securities were not acquired to influence control of the issuer. The filing was triggered by an event dated June 12, 2025, and was signed by Hannah Ashdown, Company Secretary, on June 20, 2025.
Positive
- None.
Negative
- HSBC Holdings reduced its position in Grupo Financiero Galicia to just 0.1% ownership (1,163,480 shares), indicating decreased institutional interest in the stock
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of GGAL stock does HSBC Holdings control?
When did HSBC Holdings file this amended 13G for GGAL?
What is the purpose of HSBC's investment in GGAL?
AI-generated analysis. How Rhea-AI works. Not financial advice.