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Chilena Consolidada life insurance unit to up capital in preference issue

Chilena Consolidada Seguros de Vida SA on Oct. 5 will increase its share capital by around 138.97 billion Chilean pesos through the issuance of 120,176,831 new shares, according to a regulatory filing from the Santiago-based insurer.

The new shares, worth 1,156.35 pesos each, will be offered to current shareholders in a preference option on Oct. 11.

Chilena Consolidada is owned by Zurich Insurance Group AG.

As of Oct. 4, US$1 was equivalent to 674.99 Chilean pesos.