July 8 (SeeNews) - North Macedonia's non-life insurer Croatia Osiguruvanje - Nezivot, a unit of Croatia Osiguranje [ZSE:CROS], increased its capital by 580,000 euro ($687,300) through a new share issue, it said on Thursday.
With the share issue, Croatia Osiguruvanje - Nezivot raised its capital to 7.03 million euro, the company said in a bourse filing.
Croatia Osiguruvanje - Nezivot issued 5,800 ordinary shares at a price of 100 euro each, equal to their nominal value.
The insurer's shareholders approved the proposed capital hike on June 1 and North Macedonia's Securities and Exchange Commission (SEC) cleared it on June 7.
The newly issued shares were subscribed for by life insurer Croatia Osiguruvanje - Zivot, Croatia Osiguranje's other unit in North Macedonia, SEC said in a statement after approving the capital increase.
($ = 0.8438 euro)