Business News • MarketWire • Credicorp Acquires ALICO Stake in PacificoSeguros |
Credicorp Acquires ALICO Stake in PacificoSeguros |
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Credicorp Acquires ALICO Stake in PacificoSeguros
LIMA, PERU--(Marketwire - October 21, 2010) - Credicorp (NYSE: BAP) Credicorp, the largest financial conglomerate in Peru, announced today an agreement with American Life Insurance Company (ALICO) -- one of the most important insurance companies in the world -- and with other of it subsidiaries, to acquire their combined 20.1% and 38% stakes in Pacifico Seguros and Pacifico Vida, respectively. Credicorp Ltd. will acquire Pacifico Vida's shares and its subsidiary, Grupo Credito, will acquire PPS's shares.
View More : http://www.marketwire.com/mw/release.do?id=1339554&sourceType=3
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