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Chile's Liberty Cia. de Seguros Generales SA said it will distribute around 2.20 billion shares to the shareholders of Compañía de Seguros Generales Penta SA on Aug. 10, according to a security filing.
The share issuance, approved in July, is a part of Liberty International Holdings Inc.'s, the U.S.-based owner of Liberty Seguros, acquisition of Penta.