Although the transaction’s financial terms were not revealed, the agreement involves the exchange of the companies´shares and the continuity of Primary´s management.
Alfredo Conte and Ignacio Plaza, who founded the company in 1998, will remain at Primary´s Board of Directors and Rofex´s current directors, Pablo Torti and Leandro Salvatierra, will join in together with Diego Fernandez, the exchange’s general manager.
Rofex chairman Luis Ossola said the technological independence achieved by incorporating Primary, gives Rofex immense strategic flexibility to develop alliances and other projects in which we are working at local and regional level.
Deloitte & Touche Corporate Finance was Rofex´s financial advisor in the transaction while South Investment Partners, now part of Euro-Latin Capital, carried out Primary´s shareholders´assistance.
