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Grupo Famsa SAB de CV Announces Merger By Incorporation Of Some Of Its Subsidiaries

Thursday, 31 Oct 2013 05:56pm EDT 

Grupo Famsa SAB de CV (Grupo Famsa) announced that a merger was approved between Fabricantes Muebleros SA de CV, Famsa del Centro SA de CV, Famsa del Pacifico SA de CV and Famsa Metropolitano SA de CV, as merged companies, with Grupo Famsa SAB de CV as merging and surviving company. Considering Grupo Famsa‚Äôs current dynamics, its operation and supervision is expected to be simplified through a single entity, Famsa Mexico SA de CV. The merger became effective among the parties on October 31, 2013, by virtue of having obtained the consent of the shareholders that were present or represented in the Extraordinary Shareholders Meeting. The financial statements that will be used as basis for the merger will be those corresponding to September 30, 2013, approved in the Assembly. 

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25 Jul 2014