Moldova’s largest commercial bank Moldova-Agroindbank (maib), of which the leading Baltic investment management and life insurance group Invalda INVL is a shareholder, had a net profit of 514.2 million Moldovan leu (MDL) (EUR 25.6 million) in the first half of this year, which is 88% more than in the same period last year. Profit for the period was significantly impacted by a one-off transaction in the first quarter involving the sale a written-off loan for EUR 11.5 million.
MoreLithuania’s largest medical clinic network InMedica has signed an agreement to acquire Tvinsknis UAB, a Vilnius-based clinic that provides primary and nursing care services.
MoreThe Vilnius City municipality has approved design proposals for the reconstruction of a complex that the real estate investment company INVL Baltic Real Estate owns in the city’s Old Town.
MoreThe INVL Sustainable Timberland and Farmland Fund II (STAFF II), which invests in forest and land in the Baltic Sea region and Central and Eastern Europe, has raised a further EUR 22.9 million to reach a size of EUR 81.3 million.
MoreINVL Baltic Real Estate, a real estate investment company, plans by way of reorganisation to merge with its subsidiary RE 1 which owns part of the premises in the Old Town of the capital city at Vilniaus Str. 37.
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 358,000 in the first half of this year and an unaudited net profit of EUR 483,000. Compared to the same period last year, the company’s revenue grew 11.9%, while its net profit increased 37.9%. The factor that most impacted performance was the sale in March of a plot of more than 17 hectares of land.
MoreLitagra, one of the largest Lithuanian agricultural business groups, is entering the turkey farming business. Sūduvos Ūkis, acquired 29 farms and a fodder factory located in Marijampolė district.
MoreThe new INVL Alternative Investment Fund established by the INVL investment management and life insurance group and intended for retail investors held a closing after raising EUR 5.5 million from 572 investors.
MoreDommo Grupa, a company managed by the real estate investment company INVL Baltic Real Estate and developing a 58-hectare logistics and industrial park near Riga – Dommo Logistics and Industrial Park, has completed the sale of a 3.4-hectare plot of land. The value of the transaction was 0.4 million euros.
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