February 17, 2022 |
Liberty Compañía de Seguros Generales, a unit of US-based insurer Liberty Mutual, said Wednesday that its board of directors has approved plans to raise CLP55 billion ($68.9 million) through the sale of new shares.
The insurance company will issue 3.6 billion new shares for CLP15.27 each, it said in a securities filing.
The shares will be offered initially to existing shareholders, and what is left will be sold on the open market, the company added.
Boston-based Liberty Mutual entered Chile in 2
US insurer's local subsidiary plans to raise $69 mln in the offering