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 958 million Moldovan leu (MDL) (EUR 50 million) in the first nine months of this year, which is 14.3 % more than in the same period last year.
MoreThe INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed an agreement with Kommunalkredit Austria AG (Kommunalkredit) on a loan of EUR 25 million. The proceeds of the loan will be used to finance the construction of solar power plants with 51 megawatts (MW) capacity in Romania.
MoreThe INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, is further investing in building a network of veterinary clinics. The fund’s portfolio company MiniVet has acquired the Wellvet veterinary chain which operates in Lithuania, with clinics in Marijampolė, Kėdainiai and Kazlų Rūda.
MoreINVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and door profiles in Poland.
MoreMundus Bridge Finance , a private debt fund of INVL, the leading investment management and life insurance group in the Baltics, is changing its name to INVL Bridge Finance. The new name reflects the company’s changed shareholder structure and the fact that it is part of the INVL group.
MoreINVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 569,000 in the first nine months of this year and an unaudited net profit of EUR 315,000. Compared to the same period last year, the company’s revenue grew 6.4% and its net profit shrank 45.7%.
MoreThe real estate investment company INVL Baltic Real Estate had a consolidated net profit of EUR 0.46 million in the first nine months of this year, 78 percent less than in the same period last year when the net profit was EUR 2.1 million. The decrease in profits was influenced by a sharp rise in interest costs and the recognition last year of a significant increase in the value of investment assets.
MoreThe equity and the net asset value of INVL Technology, a company that invests in IT businesses, amounted to EUR 37.81 million at the end of the third quarter this year. Equity per share was EUR 3.1327. The figures decreased by 1.2% from the start of the year.
MoreMundus Bridge Finance, a private debt fund of INVL, the leading investment management and life insurance group in the Baltics, will invest EUR 9.5 million into renewable energy company Green Genius projects in Romania.
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