Valohe bank created in 1978 by Stock market Argentine commanded by the libertarian businessman Juan Napoliannounced the fusion by acquisition of the bank columbusone of the main investment banks Argentines with global operations.
In this way, the first Argentine bank focused on corporate and institutional clients with complete financial services coverage was created, including capital markets, investment banking, corporate banking and transactions of all types of securities.
Following approval by its board of directors, the entity absorbs a financial company with global coverage, focused on corporate finance operations, mergers and acquisitions, capital markets, financial advice and the purchase and sale of securities and financial assets.
The company stated that “the synergies and complementarity of the activities and technical and professional capabilities of both companies will allow Valo to significantly multiply its business volume, strengthen its operations, expand its service offering and, in particular, take advantage of its favor the new market conditions, enhancing its financial results. Likewise, the merger will provide greater opportunities for growth and professional development for the employees of both companies.
The combination of the exposed factors will also result in a significant improvement in its level of efficiency, considering that the projected evolution does not require significant expansions in its current structure.
Valo (Banco de Valores SA) was founded in 1978 as a result of a project developed in the Buenos Aires Stock Market SA. The central idea was to have a bank that would promote and strengthen the actions of stockbrokers, promoting development of the Argentine capital market.
In 2020, Valo was established as an independent company by absorbing its parent Grupo Financiero Valores, which had separated from BYMA years before.
With the merger with Columbus, Valo incorporates its own investment and corporate banking operations into its portfolio.
