Independent Opinions

FAIRNESS OPINIONS
Solvay Idupa
Industry: Chemical
Fairness opinion of share price value
Calyxagro
Industry: Agribusiness
Independent valuation
Wayra
Industry: Technological
Independent valuation
Friosa
Industry: Food
Independent valuation for acquisition
Telefonica
Industry: Telecommunications
Takeover bid valuation
Alpargatas
Industry: Textile
Takeover bid valuation
ACA
Industry: Energy
Determination of the rental conditions of the owned gas stations network
Emdersa
Industry: Energy
Independent opinion on the value of the share for a mandatory takeover bid valuation
Alpargatas
Industry: Textile
Independent opinion on the value of the share for a mandatory takeover bid valuation
Geolog
Industry: Oil Services
Independent valuation
El Tejar
Industry: Agribusiness
Independent valuation for a potential merger
Flint Group
Industry: Paper/Afforestation
Financial assistance for legal claim
Celulosa Argentina
Industry: Paper/Afforestation
Independent opinion on the valuation of Fanapel and Forestadora Tapebicuá’s Forestry Division
Grupo Estrella
Industry: Services
Independent opinion on the conditions of distribution and administration contracts with the controlling shareholder
Grupo Estrella
Industry: Services
Independent opinion on the exchange ratio for the merger
Grupo Estrella
Industry: Services
Independent opinion on the value of the share for a voluntary takeover bid valuation
DeRemate.com
Industry: Services
Independent valuation
Metrovías
Industry: Services
Independent valuation
Accionistas
Industry: Alquiler de cajones
Independent valuation
Cliba
Industry: Services
Fairness opinion
Yacylec S.A.
Industry: Energy
Fairness opinion
Fargo
Industry: Food
Independent valuation and determination of debt repayment capacity
PCR
Industry: Oil, Gas & Cement
Independent valuation and capital structure analysis
Roggio
Industry: Services
Independent valuation of a subsidiary
Roggio
Industry: Software
Independent valuation
Atanor S.A.
Industry: Chemical
Independent opinion of the share capital for withdrawal from listing
Pentamar
Industry: Construction & Real Estate
Independent valuation
Management
Industry: Naviera
Independent valuation
Banco Comafi
Industry: Banking
Independent valuation
ABN-AMRO
Industry: Natural Gas
Independent opinion on the value of TGN’s debt
ABN-AMRO
Industry: Telecommunications
Independent opinion on the value of its credit with Telecom Personal S.A.
Accionistas de Laso S.A.
Industry: Food
Independent valuation
Banco Hipotecario
Industry: Financial Services
Independent valuation of the 80% of share capital of Tarjeta Shopping
Atanor S.A.
Industry: Agrochemicals
Independent valuation
Confidencial
Industry: Laboratories
Independent valuation of two companies
ABN-AMRO
Industry: Construction
Independent opinion on the value of its credit with I.E.C.S.A.
ABN-AMRO
Industry: Banking
Independent valuation of the holding of certain bonds
Banco Comafi
Industry: Banking
Independent valuation of the reasonableness of certain financial transactions
Mercovia S.A.
Industry: Road
Independent valuation
Yacylec S.A.
Industry: Electrical
Independent valuation
Aguas de Buenos Aires S.A.
Industry: Water & Sewer Distribution
Independent valuation
Talsa
Industry: Transport
Independent valuation of the Metrolíneas brand
Roggio
Industry: Software
Independent valuation of Prominente & Pectra
Baluma
Industry: Entertainment
Advice on determining the share capital structure
A.S.S.A.
Industry: Software
Independent valuation
Automovil Club Argentino
Industry: Energy
Independent valuation of the network of gas stations
Alfacar S.A.
Industry: Automotive
Independent valuation
Scania Argentina
Industry: Automotive
Independent valuation of a regional concessionary
Shareholders of La Continental Compañía de Seguros
Industry: Insurance / Agro / Real Estate
Fairness opinion for a spin-off/merger
Importadora Mediterránea
Industry: Automotive
Independent valuation of the damages caused by a lawsuit against Honda Corp
Y.P.F.
Industry: Energy
Agreement to install and operate six service stations in Autopistas del Sol
Polledo S.A.
Industry: Information Services
Independent valuation
Mastellone Hnos. S.A.
Industry: Dairy Products
Independent valuation – Leitesol (Brasil)
Shareholders of Sava-Gancia
Industry: Food & Beverages
Independent valuation
D.R.F.
Industry: Candies
Fairness opinion for a transaction between partners
Sociedad Rural Argentina
Industry: Entertainment
Agreement to develop and operate the ‘Predio Ferial de Palermo’
Banco Nación
Industry: Paper
Independent valuation of Papel del Tucumán’s industrial facilities during a judicial sale process