The 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.
MoreEmployees of Invalda INVL and its group companies will be able to exercise previously granted stock options and sign agreements to acquire new stock options, a meeting of Invalda INVL shareholders held on 30 April decided.
MoreThe resolutions of the Extraordinary General Shareholders Meeting of the public joint stock company Invalda INVL held on 30 April 2023:
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 0.2 million in the first quarter of this year, 3.9 times more than in the same period last year when net profit was EUR 0.05 million. The acquisition of investment property in the first quarter of last year affected the change in net profit.
MoreThe equity and the net asset value of INVL Technology, a company that invests in IT businesses, amounted to EUR 37.9 million at the end of March this year. Equity per share was EUR 3.1402. The figures were slightly (0.97%) lower than at the start of the year.
More