Invalda INVL, the leading investment management and life insurance group in the Baltics, acquired a further 1.95% of the shares of Šiaulių Bankas from the European Bank for Reconstruction and Development (EBRD). After the EUR 7.234 million transaction, the Invalda INVL group’s stake in Šiaulių Bankas grew to 9.999%. Invalda INVL conducted this second acquisition tranche, like the first one, through its wholly owned subsidiary INVL Life.
MoreThe client assets under management of the companies that are part of Invalda INVL, the leading investment management and life insurance group in the Baltics, exceeded EUR 2.0 billion at the end of March this year. That is 28.5% more than a year earlier and 7.5% more than at the start of 2023 (when the total was EUR 1.9 billion).
MoreThe client assets under management of the companies that are part of Invalda INVL group in the Baltics, exceeded EUR 2.0 billion at the end of March this year. That is 28.5% more than a year earlier and 7.5% more than at the start of 2023 (when the total was EUR 1.9 billion).
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 341.4 million Moldovan leu (MDL) (EUR 16.9 million) in the first quarter of this year, which is 25.8% more than in the same period last year.
MoreThe shareholders of INVL Technology, a company that invests in IT businesses, will vote at a meeting on 6 June on approving the terms and conditions of stock options for employees of the businesses it owns.
MorePET Baltija, one of the largest PolyEthylene Terephthalate (“PET”) recyclers in Northern Europe and part of Eco Baltia, the largest waste management and recycling group in the Baltics, today announces the investment of over €10 million as part of the development of a new PET recycling plant in Olaine, Latvia.
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 190,000 in the first quarter of this year, 7.3% more than in the same period last year. The company had an unaudited net profit of EUR 119,000, or 69.7% less than in the first quarter of 2022, when profit was significantly affected by gains from a sale of land. Excluding the impact of that sale of land, profit was 24.6% larger in the first quarter this year than in the same period last year.
MoreINVL Asset Management, a company of the INVL Investment Management and Life Insurance Group, has launched its second alternative investment fund for non-professional investors, with investments starting from EUR 5,000.
MoreThe INVL Sustainable Timberland and Farmland Fund II (STAFF II), a fund that invests in forest and land which is managed by INVL, the leading investment management and life insurance group in the Baltics, secured an additional EUR 9.4 million of investor commitments to reach a size of EUR 90.7 million.
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