The real estate investment company INVL Baltic Real Estate is buying the Pramogų Bankas building in Vilnius. INVL Baltic Real Estate signed an agreement on 26 June on the purchase of 100% of the shares of the company Pramogų Bankas from Nesė Group, an operator of entertainment, food service and gaming businesses.
MoreThe INVL Renewable Energy Fund I which is under managed by INVL Asset Management and invests in renewable energy projects raised a further EUR 5 million from investors to reach a size of EUR 57.9 million.
MoreOn completion of the merger of part of the retail businesses of Invalda INVL and Šiaulių Bankas, Paulius Žurauskas will become the CEO of INVL Asset Management, which will remain part of the INVL group. The Bank of Lithuania still needs to approve him for the position. As of 17 July and on an interim basis, until the deal closes, Paulius Žurauskas is being appointed Head of Asset Management Operations at INVL Asset Management, reporting to the Board of Directors.
MoreMoldova-Agroindbank (maib), Moldova’s largest commercial bank, in which the leading Baltic investment management and life insurance group Invalda INVL and its clients indirectly own a stake, will pay out 198.2 million Moldovan leu (MDL) (EUR 10.3 million) of dividends. The decision was made at the general meeting of the bank’s shareholders on 15 June.
MoreThe INVL Partner Global Infrastructure Fund I, which invests in the infrastructure fund of a long-standing world-class asset manager, attracted an additional USD 2.295 million from investors. Fund is under management by INVL, the leading investment management and life insurance group in the Baltics. The fund’s units were distributed by the INVL Family Office.
MoreMoldova-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 341.4 million Moldovan leu (MDL) (EUR 16.9 million) in the first quarter of this year, which is 25.8% more than in the same period last year.
MoreThe 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.
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