Moldova-Agroindbank (maib), the largest commercial bank in Moldova, whose one of the shareholders is the leading asset management group in the Baltics – Invalda INVL, has announced today the start of the CEO succession process. After a very successful tenure as CEO, Giorgi Shagidze will depart the bank in June 2024, nearly three and a half years into his mandate, to pursue a new opportunity. The successor CEO will be announced in due course, following a competitive selection process.
MoreINVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, today announces the signing of an agreement for the acquisition of 100% of the shares of Galinta Group. Galinta Group is one of the largest producers of buckwheat in Europe as well as one of the leading producers and traders of flakes, rice, and other groats in the Baltic region.
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 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.
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