Regulatory Alerts2018-05-09 | DOF 5522009Added
Official Letter Authorizing the Merger Between Principal Afore, S.A. de C.V., Principal Grupo Financiero, as the Surviving Entity, and MetLife Afore, S.A. de C.V., as the Merged Entity
The Ministry of Finance and Public Credit authorizes the merger of Principal Afore, S.A. de C.V., Principal Grupo Financiero, as the surviving entity, with MetLife Afore, S.A. de C.V., as the merged entity. The merger takes effect upon registration in the Public Commerce Registry and requires publication in the Official Gazette of the Federation. The surviving entity must maintain the lowest commissions according to criteria issued by the National Commission for the Retirement Savings System and submit public deed copies within sixty business days following the merger.
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