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Chile's Liberty Seguros to issue 2.20 billion shares as part of Penta merger

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.