Regulatory Alerts2018-08-16 | DOF 5535020Added
Official Letter Authorizing the Merger of Grupo Financiero Banorte, S.A.B. de C.V. as the Surviving Entity and Grupo Financiero Interacciones, S.A.B. de C.V. as the Dissolved Entity
The Ministry of Finance and Public Credit authorizes the merger of Grupo Financiero Banorte, S.A.B. de C.V. as the surviving entity and Grupo Financiero Interacciones, S.A.B. de C.V. as the dissolved entity, effective upon registration in the Public Commerce Registry. This authorization is subject to the condition that the public deeds of the merger are filed within twenty business days of notification, and it mandates the publication of the authorization in the Official Journal of the Federation at Banorte's expense. Consequently, Grupo Financiero Banorte becomes the universal successor to all assets and liabilities of Grupo Financiero Interacciones, and the authorization for Grupo Financiero Interacciones to operate as a controlling society is terminated by operation of law.
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