The real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 3.4 million in 2021, according to audited results. The value of the company’s property holdings increased by EUR 5.5 million during 2021 to EUR 29.6 million at year-end.
MoreThe Competition Council has deemed the concentration conditions to be appropriately implemented, effectively permitting the merger between private medicine networks InMedica and MediCA Group.
MoreINVL Life, a subsidiary of the Invalda INVL asset management group, has been granted by the Bank of Lithuania a licence to conduct life insurance activities.
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 665,000 in 2021 and an audited net profit of EUR 1.411 million for the year. Compared to 2020, the company’s revenue grew 2.5% and its net profit increased 58%.
MoreIn pursuance of private medical networks InMedica and MediCA Group joining forces, InMedica is announcing the transfer of its business. In compliance with the concentration conditions set by the Competition Council that are obligatory for the implementation of the merger of the two networks, part of the secondary level outpatient activities in Kaunas and Šiauliai were transferred to Affidea Lietuva UAB.
MoreA second issue of InMedica bonds has been admitted to trading on the Nasdaq Baltic First North market by Nasdaq Vilnius effective February 17, 2022. The size of InMedica’s second bond issue is EUR 8 million. The bonds have a nominal value of EUR 100 each.
MoreINVL Baltic Sea Growth Fund (“the Fund”), one of the largest private equity investment funds in the Baltic region, has completed the acquisition of a 100 per cent stake in B2Y, a growing personal care products and cosmetics producer, headquartered in Latvia.
MoreINVL Asset Management, one of Lithuania’s leading asset management companies, has established the INVL Alternative Investment Fund aimed at retail investors, with investments starting at EUR 5000. This is the first INVL fund that gives retail investors the opportunity to invest in alternative asset classes.
MoreInMedica, a network of medical clinics, has acquired Kaunas Implantology Center, which provides dental, oral surgery, and dental implant services. This investment marks the expansion of the network in the field of dental services started last year.
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