Regulatory Alerts2018-08-16 | DOF 5535021Added
Office Order Authorizing the Merger of Seguros Banorte, S.A. de C.V., Grupo Financiero Banorte, as the Surviving Merging Entity, with Aseguradora Interacciones, S.A. de C.V., Grupo Financiero Interacciones, as the Dissolved Merged Entity
The Ministry of Finance and Public Credit authorizes the merger of Seguros Banorte, S.A. de C.V., Grupo Financiero Banorte, as the surviving entity, with Aseguradora Interacciones, S.A. de C.V., Grupo Financiero Interacciones, as the dissolved entity, effective upon registration in the Public Commerce Registry. The authorization is subject to the condition that proof of registration be submitted within twenty business days, and the surviving entity must publish the authorization in the Official Journal of the Federation within five business days of publication. As a consequence of the merger, Seguros Banorte succeeds to all assets and liabilities of Aseguradora Interacciones, and the latter's insurance operation license is automatically terminated by law.