Regulatory Alerts2021-07-23 | DOF 5624745Added · Updated
Authorization of the merger of Scotiabank Inverlat, S.A., Multiple Banking Institution, Financial Group Scotiabank Inverlat, as the surviving merging entity, with Servicios Corporativos Scotia, S.A. de C.V., as the merged entity to be extinguished
The Ministry of Finance and Public Credit authorizes the merger of Scotiabank Inverlat, S.A., Multiple Banking Institution, Financial Group Scotiabank Inverlat, as the surviving entity, with Servicios Corporativos Scotia, S.A. de C.V., as the extinguished entity. Scotiabank Inverlat must assume the obligations of the merged entity from the moment the merger was agreed upon and submit certified copies of the public deeds and merger agreement within forty business days. The authorization is subject to resolutory conditions, including that the shareholders' assemblies approve the merger after the last business day of the current year or that the public deeds are registered in the Public Commerce Registry by the last business day of the current year. The merger takes full effect upon registration in the Public Commerce Registry, and the authorization and merger agreements must be published in the Official Journal of the Federation at the expense of Scotiabank Inverlat.
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