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Administradora de Fondos de Pensiones Planvital SA (AFP Planvital) is a Chile-based company engaged in the management of private pension funds. The Company's activities include the investment and collection of its clients' contributions, the management of individual capitalization accounts and the provision of life and disability benefits, payments of funeral expenses and senior retirement pensions. The Company operates a network of offices and branches located nationwide. As of December 31, 2011, the Company owned fully consolidated subsidiary Magister Internacional SA.