The merger of INVL Baltic Real Estate, a company investing into real estate business, and its 100 percent owned company Invaldos Nekilnojamojo Turto Fondas has been completed. Reorganization of the copmpanies has beec completed on 17 August.
After the merger proccess INVL Baltic Real Estate continue its operations under the name INVL Baltic Real Estate and will remain listed on NASDAQ OMX Vilnius stock exchange.
“In the nearest future, we will apply to the bank of Lithuania and provide documents necessary for the renew process of the share market”, – says Andrius Dauksas, Director of INVL Baltic Real Estate.
Shareholders of INVL Baltic Real Estate will get 6.136287941 shares of Invaldos nekilnojamojo turto fondas for every ordinary share. After the merger process the total number of shares for the company will be 43,226,252 and market capitalization of EUR 13.3 million at today’s price.
Alvydas Banys, Indre Miseikyte and Andrius Dauksas will be the board members of INVL Baltic Real Estate.
INVL Baltic Real Estate has about 51,700 sq. m. of real estate space in Vilnius and Ryga.