Banco Hipotecario S.A. (BASE:BHIP) agreed to acquire a remaining 20% stake in Tarshop S.A. from IRSA Propiedades Comerciales S.A. (BASE:IRCP) for $0.1 million on November 15, 2018. The consideration also includes a variable payment. Under the transaction, 119.76 million shares of Tarshop S.A. will be acquired. Post completion, Banco Hipotecario S.A. will hold 100% stake in Tarshop S.A. IRSA Propiedades Comerciales' Board approved the transaction on November 15, 2018. The transaction is subject to the compliance with the corresponding formal requirements. As of December 13, 2018, the transaction was approved by Banco Hipotecario.

Banco Hipotecario S.A. (BASE:BHIP) completed the acquisition of the remaining 20% stake in Tarshop S.A. from IRSA Propiedades Comerciales S.A. (BASE:IRCP) on February 14, 2019.