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Intercorp Perú to increase capital via share repricing

Intercorp Perú Ltd. said it will implement a capital increase through the cancellation and repricing of existing shares.

The company will cancel 14,901,892 class A shares and 134,117,024 class B shares, each worth $8, on June 11. In turn, the same number of shares will be issued for $9 apiece.

The move will increase the company's capital to about $1.34 billion from about $1.19 billion.

The new shares will rank pari passu, or on equal footing, with the existing shares of the company.