UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 1999
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DESC, S.A. DE C.V.
(Translation of registrant's name into English)
PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________.
NY2:\857874\01\$DX%01!.DOC\41150.0012
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Desc, S.A. de C.V.
(Registrant)
Date: December 9, 1999 By /s/ Ernesto Vega Velasco
---------------- ----------------------------------
(Signature)*
Name: Ernesto Vega Velasco
Title: Chief Financial Officer
* Print the name and title under the signature of the signing officer.
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EXHIBIT INDEX
Sequential
Item Page Number
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1. Registrant's announcement of approval of resolutions at
shareholder's meeting................................. 4
3
Exhibit 1
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[DESC LOGO] FOR IMMEDIATE RELEASE
Contact: DESC
Arturo D'Acosta Ruiz
Mariana Alvarez Neder
011 525 261 8000
[email protected]
- or -
CITIGATE DEWE ROGERSON
Mikhal Stein
305 381 6500
[email protected]
DESC S.A. DE C.V. ANNOUNCES APPROVAL OF RESOLUTIONS
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AT SHAREHOLDERS' MEETING
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MEXICO CITY, Mexico, December 8, 1999 -- DESC, S.A. de CV (NYSE: DES;
BMV: DESC) today announced that the Extraordinary General Shareholders Meeting
approved the resolutions regarding the merger of its food subsidiary Agrobios
S.A. de C.V. into DESC S.A. de C.V. DESC acquired all of the subsidiary's assets
and Agrobios will no longer exist. This merger, effective as of noon today, will
not affect DESC's equity structure, as it already had owned 99.99% of the equity
of the subsidiary.
This merger strengthens DESC's restructuring of its food business. In
the future, a new subsidiary will be formed to implement the Company's strategic
focus on branded products.
The Company will send the corresponding information to the Mexican
Stock Exchange on Thursday, December 9.
DESC S.A. de C.V., headquartered in Mexico City, is one of the largest
industrial groups in Mexico. Through its wholly-owned subsidiaries, DESC is
engaged in the auto-parts, chemicals, food, consumer products and real estate
industries. More information about DESC S.A. de C.V. can be obtained via the
Internet at www.DESC.com.mx.
# # #
DESC S.A. DE C.V.
PASEO DEL LOS TAMARINDOS 400-B
BOSQUES DE LAS LOMAS
05120 MEXICO D.F.
WWW.DESC.COM.MX
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