Regulatory Alerts2019-10-31 | DOF 5577335Added
Official Letter Authorizing the Merger of Scotiabank Inverlat, S.A. and Globalcard, S.A. de C.V., SOFOM, E.R.
The Ministry of Finance and Public Credit authorizes the merger of Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat, as the surviving entity, with Globalcard, S.A. de C.V., SOFOM, E.R., Grupo Financiero Scotiabank Inverlat, as the extinguished entity. The authorization is subject to the submission of certified public deed copies within twenty business days and requires the publication of the merger in the Official Journal of the Federation. Scotiabank Inverlat must also report the merger via the SIPRES portal and submit documentation regarding the modification of the financial group's bylaws and the Single Responsibility Agreement within twenty business days of execution.
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