participaciones (IN THIS CONTEXT - MEXICAN)

English translation: profits

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	participaciones (IN THIS CONTEXT - MEXICAN)
English translation:	profits
Entered by:	Stuart Allsop

01:32 Oct 24, 2006

Spanish to English translations [PRO]
Bus/Financial - Law: Contract(s)

Spanish term or phrase: participaciones (IN THIS CONTEXT - MEXICAN)

This occurs in an item in the minutes of a Board meeting of a Mexican company, reporting on the sale of shares between two partners, that was agreed on during the meeting:

"Consecuentemente los VENDEDORES, se dan por recibido del precio pactado, mismo que se efectúo a valor nominal y se obligan a extender los endosos correspondientes, estableciendo el mas amplio finiquito a la sociedad, en virtud de señalar bajo protesto de decir la verdad que no existe ningún adeudo o pago pendiente por concepto de dividendos o ***participaciones***."

(Talk about convoluted grammar!)

What exactly is "participaciones" referring to here? From the context it can't just be the voting rights or shares themsleves, since it refers to these "participaciones" as being related to "adeudo o pago"...

Stuart Allsop KudoZ activity Questions: 552 (8 open) (1 without valid answers) (3 closed without grading) Answers: 840 Chile
Local time: 19:17

profit sharing (distributions), profits

Explanation:
I am fairly sure this refers to "profit sharing" or "profit distributions", or just plain "profits". etc.

I think you were working on something involving an S.A. de C.V., where shares of stock would be "acciones" so that would be ruled out, plus the context does not indicate that.

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Note added at 58 minutos (2006-10-24 02:30:52 GMT)
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Profits, "dividends or profits" should be enough.

Selected response from:

Henry Hinds
United States
Local time: 17:17

Grading comment

Thanks Henry. Your explanations convinced me, so this is what I went with in the end. It also makes sense from context further on in the document.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +6

Shares

Andy Watkinson

4 +2

profit sharing (distributions), profits

Henry Hinds

loans to shareholders

DCypher (X)

Discussion entries: 6

Answers

5 mins confidence:

peer agreement (net): +6

Shares

Explanation:
Hi Stuart,

I believe it does refer to shares. Remember that in certain types of "sociedades limitadas" (SL) the shares can be subscribed but not fully paid up.

"que no existe ningún adeudo o pago pendiente por concepto de dividendos o ***participaciones***."

I take this to mean that there are no payments or amounts outstanding in respect of shares.

Andy

Andy Watkinson
Spain
Local time: 01:17
Specializes in field
Native speaker of:

English
PRO pts in category: 125

11 mins confidence:

peer agreement (net): +2

profit sharing (distributions), profits

Henry Hinds
United States
Local time: 17:17
Specializes in field
Native speaker of:

English,

Spanish
PRO pts in category: 2331

Grading comment

Thanks Henry. Your explanations convinced me, so this is what I went with in the end. It also makes sense from context further on in the document.

Peer comments on this answer (and responses from the answerer)

neutral

María Eugenia Wachtendorff: OF COURSE I TRUST YOU, Henry. It's just that I think "participaciones" should be called Equity Holdings, and "dividendos," Dividends. The fact that this is an SA de CV makes no other difference. Please correct me if I'm wrong! :)

34 mins

-> SE refiere a "dividends or profits" (viene siendo el mismo concepto gral.), confía en tu colega, son doctos. que traduzco por toneladas y tengo uno delante de mí en este preciso momento (S.A. de C.V.). Yes, I'll correct you, here you're wrong.

agree

Victoria Frazier: Profit sharing es correcto! Participaciones de las ganancias de la empresa. Yo soy de México.

4 hrs

-> Gracias, Victoria, efectivamente.

agree

Ronnie McKee: yes, henry, I agree that its talking about the distribution of profits based upon level (%) of participation

9 hrs

-> Gracias, Ronnie; actually as Victoria points out, "participaciones" in itself refers to profit shares.

3 hrs confidence:

loans to shareholders

Explanation:
Do you mean of shares between 2 partners (fellow shareholders) or 2 companies...

In a standard sale and purchase agreement, the seller essentially warrants the fact that the net assets are what they appear to be. If there are further outflows or debts which come to light between signing of the agreement and transfer of the company/shares, it/they will be worth less.

"...dividends or loans due or payable [to shareholders]"

DCypher (X)
Local time: 01:17
Specializes in field
Native speaker of:

English
PRO pts in category: 56

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English translation: profits

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