Regulatory Alerts2018-05-07 | DOF 5521721Added
Authorization for Banregio Grupo Financiero to Invest in New Subholding Company Subcontroladora GFR
The Ministry of Finance and Public Credit authorizes Banregio Grupo Financiero, S.A.B. de C.V. to invest in a newly created subholding company named Subcontroladora GFR, S.A. de C.V. by acquiring all but one of its shares and transferring the financial entities' shares to it. The authorization also approves the subholding's bylaws, the merger of Banregio Grupo Financiero into Corporación GFREGIO (which will become Regional, S.A.B. de C.V.), and the termination of the Unique Liability Agreement. These corporate actions are subject to specific registration and publication deadlines within the Registro Público de Comercio and the Diario Oficial de la Federación.
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