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Banco Mare Nostrum SA Announces Commercial Restructure

Tuesday, 25 Jun 2013 12:53pm EDT 

Banco Mare Nostrum SA announced that the shareholders, at the General Ordinary Shareholders’ Meeting held on June 25, 2013, approved the Commercial Restructure of certain entities of the Group (Restructuracion Mercantil). Under the terms of the restructure, Invernostra SLU will be split in favour of Banco Mare Nostrum SA, Corporacion Empresarial Mare Nostrum SLU and Innostrum Division Inmobiliaria SAU (Total Split); Banco Mare Nostrum SA will merge by incorporation of Resnostrum SLU, Nostraura SLU, Nostrest SLU, Netmobilia SLU, Paine Inversiones SAU, Los Peches Inversiones SAU, Paine Desarrollos Inmobiliarios SLU, Paine Desarrollos Urbanisticos SLU, Towsur Andalucia SLU, Sonmobilia 2008 SLU, Rentmobilia SLU, Som Promociones 2004 SLU, New Arts Hotels SLU, Abadi Promociones y Desarrollos Urbanos SLU, Asisment Finance SLU and Sotohermoso Servicios Inmobiliarios SLU (Merger I); the following companies will also be incorporated: Impluvium 1 SLU, Provisoc Malaga SLU, Construcciones y Suelos Bergen SLU, Alhambra Hotel Investments SLU, SA Nostra de Inversiones EFC SAU, C-Eme Inmuebles, Gestion de Proyectos y Mantenimiento SLU, Summa Inversiones Inmobiliarias SAU, SA Nostra de Renting SAU, Sociedad para la Explotacion y Recuperacion de Activos SLU, Revalua Inversiones SLU, Rentespais Penedes SLU, Renthabitat Penedes SLU and Terres I Projectes SLU (Merger II).