Šiaulių Bankas and Invalda INVL have successfully completed the merger of their retail businesses. Effective 1 December 2023, Šiaulių Bankas Group will take over the management of II pillar and III pillar pension funds and retail investment funds, expanding the range of investment options available to clients. Additionally, the Group will introduce a revamped suite of life insurance products. Invalda INVL will become the largest shareholder of Šiaulių Bankas when the transaction is finalised.
Moreon 30 November 2023, Invalda INVL group companies signed the compulsory documents with AB Šiaulių bankas group companies by which businesses under the Master Agreement are transferred for the merger
MoreINVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announces the signing of an agreement for the acquisition of 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe as well as one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.
MoreOn 21 November 2023 Invalda INVL has received a decision of the European Central Bank by which it does not object that Invalda INVL acquired from 10 to 20 percent of the shares of joint-stock company Šiaulių bankas
MoreThe European Central Bank (ECB) has permitted Invalda INVL, the leading Baltic investment management and life insurance group, to acquire from 10% to 20% of the shares of Šiaulių Bankas.
MoreThe resolutions of the Extraordinary General Shareholders Meeting of the public joint stock company Invalda INVL held on 22 November 2023
MoreThe shareholders of Invalda INVL authorised signing stock option agreements with employees of INVL group companies who are moving to the Šiaulių Bankas group as well as the procedure and price for the acquisition of the company’s shares in 2027.
MoreMoldova-Agroindbank (maib), Moldova’s largest commercial bank, of which the leading Baltic investment management and life insurance group Invalda INVL is a shareholder, had an unaudited net profit of 958 million Moldovan leu (MDL) (EUR 50 million) in the first nine months of this year, which is 14.3 % more than in the same period last year.
MoreThe INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed an agreement with Kommunalkredit Austria AG (Kommunalkredit) on a loan of EUR 25 million. The proceeds of the loan will be used to finance the construction of solar power plants with 51 megawatts (MW) capacity in Romania.
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