Moldova-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 836.7 million Moldovan leu (MDL) (EUR 44.1 million) in the first nine months of this year, which is 66% more than in the same period last year.
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 535,000 in the first nine months of this year and an unaudited net profit of EUR 580,000. Compared to the same period last year, the company’s revenue grew 11.2% and its net profit doubled. The factor that most impacted the result was the sale in March of a plot of more than 17 hectares of land.
MoreEco Baltia, the largest environmental and waste management group in the Baltics, backed by INVL Baltic Sea Growth Fund, leading Baltic private equity fund, is set to expand its Latvian activities in road and street maintenance with an agreement reached to acquire 100% shares of SIA Pilsētas Eko Serviss (hereinafter – Pekos) and its related companies. The transaction, which is being carried out by Eco Baltia’s environmental services arm Eco Baltia vide, is expected to be closed later this year, subject to merger approval from the Latvian competition council.
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 2.1 million in the first nine months of this year, 84% more than in the same period last year when its net profit was EUR 1.14 million. The results for this year were positively impacted by a revaluation of real estate holdings in the second quarter which increased their value by EUR 1.7 million.
MoreAt an extraordinary general meeting on Monday, the shareholders of INVL Baltic Farmland, a company that invests in agricultural land, approved higher expenses for audit services for 2022. By decision of the shareholders, the audit of the company’s financial reports for next year will also be performed by PricewaterhouseCoopers.
MoreINVL Technology, a company that invests in IT businesses, had an equity and net asset value of EUR 37.35 million at the end of the third quarter this year, or EUR 3.0948 per share. The figures were up 3.4% from the start of the year.
MoreThe INVL Baltic Sea Growth Fund, a leading Baltic private equity fund, is entering the veterinary sector in Poland. MiniVet, one of the fund’s portfolio companies in Lithuania, is investing in the LuxVet Group, one of Poland’s largest network of veterinary care providers.
MoreThe chain of medical clinics InMedica has signed an agreement to purchase the family medical clinic chain UAB Medicinos Paslaugų Centras (MPC) operating in Vilnius. It is the first investment by InMedica this year in a network of private medical clinics providing a wide range of services in the capital of Lithuania.
MoreThe INVL Renewable Energy Fund I managed by INVL Asset Management has concluded an agreement on the acquisition of a solar farm project in Romania with a capacity of 174 megawatts (MW). Latest acquisition will increase total investments in the fund’s projects in Romania, which may reach approximately EUR 350 million.
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