Chilean insurer BICE Vida Compañía de Seguros SA has called an extraordinary meeting on Oct. 22 for shareholders to vote on a proposal for the company to absorb affiliate BICE Seguros de Vida SA.
The move will involve a capital raise of around 104.04 billion Chilean pesos, BICE Vida Compañía de Seguros said in a statement.
As of Oct. 2, US$1 was equivalent to 726.29 Chilean pesos.
