Cofece authorizes the Banorte-Interacciones merger, according to Banorte



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The Federal Commission of Economic Competition (Cofece) authorized the merger between Banorte and Interacciones reported Thursday Grupo Financiero Banorte.

"Grupo Financiero Banorte informs the investing public that on this date (this Thursday), the Federal Competition Commission
The Ministry of Economy has informed GFNorte and Grupo Financiero Interacciones of the authorization of

The financial groups also received a letter from the Department of Finance and Public Credit (SHCP) to proceed with the social and administrative acts corresponding to

Therefore, the parties agreed that the transaction would be finalized by July 31, 2018.

As part of this merger, Interacciones will be the amalgamated company and GFNorte, the amalgamation.

The merger also includes Interacciones Casa de Bolsa, Casa de Bolsa Banorte, Aseguradora Interacciones, Séguros Banorte, Grupo Financiero Banorte, Interaciones Sociedad Operador de Fondos de Inversión, Operador de Fondos Banorte, among other units of these financial groups.

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