Regulatory Alerts2017-04-06 | DOF 5478942Added
Authorization of the merger of BBVA Bancomer, S.A. with Hipotecaria Nacional, S.A., Desitel Tecnología y Sistemas, S.A., and Betese, S.A.
The Ministry of Finance and Public Credit authorizes the merger of BBVA Bancomer, S.A. as the surviving entity with Hipotecaria Nacional, S.A., Desitel Tecnología y Sistemas, S.A., and Betese, S.A. as the extinguished entities. BBVA Bancomer must submit certified copies of the public deeds recording the shareholder meeting agreements for the merger within twenty business days of verification. The merger takes full effect upon registration in the Public Registry of Commerce, with notification required within ten business days, and publication in the Official Gazette of the Federation at BBVA Bancomer's cost, with proof of publication due within five business days. Additionally, BBVA Bancomer must submit documents modifying its bylaws and the Single Liability Agreement to remove references to the merged entities and update the name of BBVA Bancomer Gestión, S.A. de C.V. within twenty business days of the modification's execution.
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