Regulatory Alerts2020-08-31 | DOF 5599351Added
Authorization of the merger of Sólida Administradora de Portafolios, S.A. de C.V., SOFOM, E.R., Grupo Financiero Banorte, as the surviving merged entity, with Arrendadora y Factor Banorte, S.A. de C.V., SOFOM, E.R., Grupo Financiero Banorte, as the merged entity that is extinguished, with the surviving entity adopting the name of the extinguished entity
The Ministry of Finance and Public Credit authorizes the merger of Sólida Administradora de Portafolios, S.A. de C.V., SOFOM, E.R., Grupo Financiero Banorte as the surviving entity and Arrendadora y Factor Banorte, S.A. de C.V., SOFOM, E.R., Grupo Financiero Banorte as the extinguished entity, with the surviving entity adopting the name of the extinguished entity. The authorization is subject to conditions requiring shareholder approval by the last business day of 2020 and the registration of public deeds within twenty business days. Grupo Financiero Banorte must also submit documents to modify its bylaws and the Unique Liability Agreement to reflect the new entity names and structure.
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