Credicorp Ltd. :Credicorp announces the merger between Pacifico Vida (PV) and Pacifico Seguros Generales (PSG) went into effect
August 02 2017 - 7:00PM
Lima, PERU,
August 2nd, 2017 -
According to announcement made on February 24th 2017,
where we informed about the approval of the merger between PV and
PSG, Credicorp Ltd. announces that the merger went into effect on
August 1st 2017, as a
result of the subscription of the respective Public Deed.
As a result, PV has acquired all
of the rights and obligations of PSG. The resulting company shall
be named Pacífico Compañía de Seguros y Reaseguros, with
abbreviated name "Pacífico Seguros", and shall have a capital stock
amount of S/1,121,316,750 (one thousand one hundred and twenty-one
million three hundred and sixteen thousand seven hundred and fifty
Soles).
This merger was previously
approved by the Superintendence of Banking, Insurance and AFP
(SBS).
About
Credicorp
Credicorp Ltd. (NYSE: BAP) is the
leading financial holding in Peru. It is composed of Banco de
Credito del Peru (BCP), Atlantic Security Holding Corporation
(ASHC), Grupo Pacifico Seguros, Prima AFP, and Credicorp Capital,
which are among Peru's top-rated brands. Credicorp is mainly
involved in banking (commercial & investment banking and retail
banking, including SME and micro-lending), insurance (including
property and casualty, life and health insurance), pension funds
(private pension fund management services) and brokerage services
(including trust, custody and securitization services, asset
management and proprietary trading and investment).
For further information please contact the IR
team: IRCredicorp@bcp.com.pe
Investor Relations
Credicorp Ltd.
Merger between Pacifico Vida and
Pacifico Seguros Generales
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Credicorp Ltd. via Globenewswire
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