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.
