The Bank of Nova Scotia Finances Elementia and Fortaleza


The negotiation of the financing shut on 25 March. The credit agreements are certain by the subsidiaries of the two organizations less than New York legislation. Elementia and Fortaleza both ceased buying and selling on the Mexican Stock Exchange and expected methods to finance a community provide for the acquisition of exceptional shares.

Elementia Resources was registered in 2021 as the final result of the separation of Elementia’s Building Systems and Metals enterprise models. It operates 22 creation plants throughout the United States, Mexico, El Salvador, Costa Rica, Honduras, Colombia, Ecuador, Peru and Bolivia. Fortaleza Resources manufactures and marketplaces merchandise for the development industry.

Fortaleza Materiales manufactures and markets cement for the development field. It presents structural remedies for the foundations, columns, flooring and ceilings of homes, shopping malls, workplaces and hospitals – amongst other amenities – in Mexico, the United States and Latin The united states.

Creel, García-Cuéllar, Aiza y Enríquez encouraged Scotiabank with a team comprising partners Giovanni Ramírez Garrido, Alejandro Isaac and Eduardo Brandt López, in addition to senior affiliate Santiago Aguilar Vega and associate Mirna Alvarado Cárdenas. Mayer Brown also assisted Scotiabank. Bufete Robles Miaja and Davis Polk & Wardwell advised the debtors.



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