Liberty Mutual to issue shares in Chile

Liberty Mutual to issue shares in Chile

Equity Capital Markets Chile

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

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