The Macedonian financial watchdog said it has given the green light to Skopje-based life-insurer WINNER Life for a capital hike of 300,000 euro ($397,620) through a new share issue.

WINNER Life will issue 3,000 new shares through a private offer aimed exclusively at its parent, Austria's Vienna Insurance Group, the Macedonian Securities and Exchange Commission said on Monday.

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MACEDONIA: Macedonia's Financial Watchdog OKs WINNER Life Cap Hike