MEXICO CITY, Dec. 30, 2016 /PRNewswire/ -- Grupo Financiero Santander México, S.A.B. de C.V. (BMV: SANMEX; NYSE: BSMX) ("Santander México" or the "Group") today announced that Santander Hipotecario, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Santander México (hereinafter, Santander Hipotecario) and Santander Vivienda, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Santander México (hereinafter, Santander Vivienda) held their respective General Extraordinary Shareholder's Meetings (Asambleas Generales Extraordinarias de Accionistas) today, at which their shareholders approved the merger pursuant to which Santander Hipotecario (sociedad fusionada) will merge with and into Santander Vivienda (sociedad fusionante) and Santander Vivienda shall continue as the surviving corporation. In furtherance thereof, Section Two of the Bylaws and the Single Accountability Agreement (Convenio Único de Responsabilidades) entered into between Santander México and its financial entities (entidades financieras) shall be amended, in accordance with the resolutions approved at Grupo's General Ordinary and Extraordinary Shareholders' Meeting (Asamblea General Ordinaria y Extraordinaria de Accionistas) on December 5, 2016.
About Grupo Financiero Santander México, S.A.B. De C.V. (NYSE: BSMX; BMV: SANMEX)
Grupo Financiero Santander México, S.A.B. de C.V. (Santander México), one of Mexico's leading financial services holding companies, provides a wide range of financial and related services, including retail and commercial banking, securities brokerage, financial advisory and other related investment activities. Santander México offers a multichannel financial services platform focused on mid- to high-income individuals and small- to medium-sized enterprises, while also providing integrated financial services to larger multinational companies in Mexico. As of September 30, 2016, Santander México had total assets of Ps.1,242 billion under Mexican Banking GAAP and more than 13 million customers. Headquartered in Mexico City, the Company operates 1,076 branches and 311 offices nationwide and has a total of 16,828 employees.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grupo-financiero-santander-mexico-announces-the-merger-of-santander-hipotecario-sa-de-cv-sociedad-financiera-de-objeto-multiple-entidad-regulada-grupo-financiero-santander-mexico-with-and-into-santander-vivienda-sa-de-c-300384299.html
SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.