Regulatory Alerts2025-12-05 | DOF 5775286Added
Official Letter Authorizing the Merger of Banco Multiva, S.A., Multiple Banking Institution, Multiva Financial Group, as the Surviving Merging Entity, with the New Entity Resulting from the Spin-off of CIBanco, S.A., Multiple Banking Institution, as the Dissolved Merging Entity
The Ministry of Finance and Public Credit authorizes the merger of Banco Multiva, S.A., as the surviving entity, with the new entity resulting from the spin-off of CIBanco, S.A., which will be dissolved. This authorization is subject to conditions regarding shareholder resolutions and the timely registration of public deeds, with effects commencing upon inscription in the Public Commerce Registry. The surviving entity must submit certified copies of the relevant instruments, publish the merger in the Official Gazette, and report the transaction via the CONDUSEF SIPRES portal within specified deadlines.
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