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AVLA Peru Compañía de Seguros hikes capital

AVLA Peru Compañía de Seguros SA said it has registered a capital increase worth 3.8 million Peruvian soles.

The capital hike was done through a private placement of 3,800,000 common shares. As a result, the company's capital stock increased to about 24.6 million soles from 20.8 million soles previously.

The new shares will be delivered June 14.

Proceeds from the placement will be used to strengthen the company's equity.

As of June 5, US$1 was equivalent to 3.28 Peruvian soles.