March 16 (SeeNews) - North Macedonia's non-life insurer Croatia Osiguruvanje - Nezivot, a unit of Croatia Osiguranje [ZSE:CROS], increased its capital by 2.5 million euro ($2.65 million) through a new share issue, the country's Central Securities Depository said.
Croatia Osiguruvanje - Nezivot issued 25,000 ordinary shares at a price of 100 euro each, equal to their nominal value, the Central Securities Depository said in a notice on Wednesday.
With the share issue, Croatia Osiguruvanje - Nezivot raised its capital to 9.53 million euro, divided into 95,300 ordinary shares, each with a par value of 100 euro.
The newly issued shares were intended to be purchased by life insurer Croatia Osiguruvanje - Zivot, Croatia Osiguranje's other unit in North Macedonia, according to an earlier filing by the country's Securities and Exchange Commission (SEC).
($ = 0.941813 euro)