Just as the previously presented division of companies, merger
is also part of the so-called corporate structural modification
transactions. They imply phases of preparation, decision and
execution, and they can essentially modify the patrimonial
composition and legal relationships among participating companies,
their creditors and partners.
The term fusion in Spanish (merger) comes from the Latin term
"fusio" which is defined as the action of uniting or
melting two or more things or ideas. Within our legal corporate
circles, the term applies to a company merger which is defined by
the doctrine as "The union of two or more companies, until
then different companies, so as to become one single
company" or "when two or more companies combine
and join their interests to form a new company having all rights,
privileges, franchises and assets of the merged company."
Therefore a company merger is a legal union of two or more
companies constituted as independent entities in
