Regulatory Alerts2025-08-28 | DOF 5766800Added
Official Letter Authorizing the Spin-off of Principal Financial Group, S.A. de C.V., Financial Group
The Ministry of Finance and Public Credit authorizes the spin-off of the controlling society of Principal Financial Group, S.A. de C.V., Financial Group into two new entities: Principal International Mexico I, S.A. de C.V., and Principal International Mexico II, S.A. de C.V. Principal International Mexico I receives the capital, assets, and liabilities of Principal Afore, while Principal International Mexico II receives those of Principal Fondos de Inversión and Principal Seguros. The authorization for the group to function as a financial group is revoked, and the constituent financial entities are prohibited from acting jointly or offering complementary services.
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