Federico Zorraquin, President of Garovaglio y Zorraquín S.A. announced an offer to acquire remaining 52% stake in Garovaglio y Zorraquín S.A. (BASE:GARO) for approximately ARS 570 million on April 26, 2021. Under the terms, offer price id ARS 25 per share. Post transaction, Federico Zorraquin will have 100% stake in Garovaglio y Zorraquín S.A. The offer will remain effective until August 24, 2021, unless the Offeror decides to extend such term, to the extent permitted by the applicable legislation. Marcelo Villegas, Gonzalo Rivas Orozco and Dario Pesina of Nicholson y Cano Abogados acted as legal counsel to the Offeror, Federico Zorraquin. Federico Zorraquin, President of Garovaglio y Zorraquín S.A. completed the acquisition of an additional 26.12% stake in Garovaglio y Zorraquín S.A. for approximately ARS 290 million on August 31, 2021.