Regulatory Alerts2023-02-10 | DOF 5679213Added · Updated
Official Letter Authorizing the Merger of Banco Santander Mexico, S.A., Multiple Banking Institution, Santander Financial Group Mexico, as the Surviving Merging Entity, with Santander Consumo, S.A. de C.V., SOFOM, E.R., and Santander Specialized Services, S.A. de C.V., as the Dissolved Merged Entities
The Ministry of Finance and Public Credit authorizes the merger of Banco Santander Mexico, S.A., as the surviving entity, with Santander Consumo, S.A. de C.V., SOFOM, E.R., and Santander Servicios Especializados, S.A. de C.V., as the dissolved entities. The authorization is subject to conditions including the registration of public deeds within specified deadlines and the publication of the merger in the Official Journal of the Federation. The surviving entity is permitted to retain the pure leasing portfolio of the dissolved entities until maturity but is prohibited from entering into new contracts of this type. The merger becomes effective upon inscription in the Public Commerce Registry.
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