Escisión

Escisión refers to a corporate restructuring technique where a company divides itself into two or more distinct entities. This can involve transferring a part of the company's assets and liabilities to a new or existing company. The original company may continue to exist, or it may cease to exist after the division.

There are several types of escisión. A full escisión, or total escisión, occurs when a company splits into multiple new companies, and the original entity is dissolved. A partial escisión, or simple escisión, happens when a company transfers a portion of its assets and liabilities to one or more new entities, while the original company continues to operate.

The primary reasons for undertaking an escisión include unlocking shareholder value by separating distinct business units, simplifying corporate structures, divesting non-core assets, or complying with regulatory requirements. It can also be a strategy to facilitate the sale or spin-off of a particular division.

Following an escisión, the shareholders of the original company typically receive shares in the newly formed entities, proportional to their original ownership. This process requires careful legal and financial planning to ensure a smooth transfer of assets, liabilities, and personnel. It is a complex maneuver that impacts various stakeholders, including shareholders, creditors, and employees.