May 15 (SeeNews) - North Macedonia's insurer Makedonija Osiguruvanje [MSE:KJUBI], part of Austria's Vienna Insurance Group (VIG), said on Monday it will merge with Winner, VIG's other unit in the country.
Winner will merge into Makedonija Osiguruvanje, the insurer said in a bourse filing, without adding further details.
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Its shares last traded on the Macedonian Stock exchange (MSE) on May 11, at an average price of 1,236 denars ($21.8/20.1 euro).
The Austrian group also has a third unit in North Macedonia - Winner Life.
VIG made a pre-tax loss of 11.1 million euro ($12.1 million) in North Macedonia in 2022, after recording a pre-tax profit of 6.1 million euro the previous year.
(1 euro = 61.58 denars)
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