Upon completion of the split – off of INVALDA, AB one of the largest Lithuanian investment companies Invalda LT, AB will focus on revision of its investment portfolio as well as on creation of strategies of particular businesses.
The main activity of Invalda LT, AB currently is concentrated in furniture manufacturing (Vilniaus Baldai, AB), agricultural (Litagra, UAB), real estate property (Invaldos nekilnojamojo turto fondas, AB), IT (BAIP group, UAB) and facility management sectors.
“We are going to focus on increase of long term effectiveness and competiveness of our businesses. We see high potential for growth and extension of our companies, especially those who are acting abroad. In the nearest future we will set on those priorities,” – Darius Sulnis, the President of Invalda LT, AB, said. According to him, the businesses of Invalda LT, AB are diversified both – in terms of industry as well as geographically.
“We are also ready to consider new complex projects where our input may create an additional value“, – D. Sulnis said.
After the split – off Invalda LT, AB holds 39.35 percent of shares in Vilniaus Baldai, AB, one of the largest Lithuanian furniture manufacturing company. The shares in Vilniaus Baldai, AB are listed on NASDAQ OMX Vilnius Stock Exchange.
Invalda LT, AB holds 54.55 percent shares in Cedus Invest, UAB, controlling 36.9 percent shares in Litagra, UAB, one
of the largest company in the agricultural sector in the Baltic region, thus the effective stake of Invalda LT, AB in Litagra, UAB amounts to 20.1 percent. In 2012 a turnover of Litagra, UAB totaled to 429.2 million litas, EBITDA – 39.8 million litas, the net profit amounted to 20.4 million litas.
The total value of equity capital of the real estate sector together with the amount of loans granted to the companies of this sector amounts to 78 million litas on March 31, 2013. Invaldos nekilnojamojo turto fondas, AB and other smaller companies own commercial real estate objects of Invalda LT, AB. In total 48.5 thousand square meters of space in Vilnius and Kaunas with estimated value of 144.2 million litas, are owned by the real estate sector companies controlled by Invalda LT, AB. Also Invalda LT, AB group companies in the real estate sector hold 2.8 thousand hectares of agricultural land, which is estimated at 23.2 million litas.
Invalda LT, AB holds 80 percent of shares in the IT company BAIP Group, UAB. Invalda LT, AB operates in the international IT market through the company Norway Registers Development, AS owned by BAIP Group, UAB.
In the facility management sector Invalda LT, AB controls the companies Inreal Pastatu Prieziura, UAB, Priemiestis, UAB, Jurita, UAB as well as Naujosios Vilnios Turgaviete, UAB.
The company Kelio Zenklai, UAB is controlled by Invalda LT, AB as well.
Other assets, minus liabilities, total amount of 32 million litas was allocated to Invalda LT, AB during the split – off process. LJB Investments, UAB, a company controlled by Alvydas Banys, holding 30.46 percent of votes, Irena Ona Miseikiene holding 25.03 percent of votes, Lucrum Investicija, UAB holding 22.56 percent of votes and Darius Sulnis holding 8.94 percent of votes in the authorized capital of Invalda LT, AB are the largest shareholders of the Company. The minority shareholding totals to 13.01 percent.
Provided numbers are tentative and may change slightly.
Shares of Invalda LT, AB are listed in the Official list of NASDAQ OMX Vilnius Stock Exchange. In accordance with the last market price, after renewal of the trade with the Company’s shares on the Stock Exchange, capitalization of Invalda LT, AB should reach 200 million litas.
Enclosed:
Presentation of Invalda LT, AB;
Simplified structure of sectors managed by Invalda LT, AB.
The person authorized to provide additional information:
Darius Sulnis
President
Tel. +370 5273 4876
E-mail: [email protected]