Šiaulių Bankas and Invalda INVL have successfully completed the merger of their retail businesses. Effective 1 December 2023, Šiaulių Bankas Group will take over the management of II pillar and III pillar pension funds and retail investment funds, expanding the range of investment options available to clients. Additionally, the Group will introduce a revamped suite of life insurance products. Invalda INVL will become the largest shareholder of Šiaulių Bankas when the transaction is finalised.
MoreThe European Central Bank (ECB) has permitted Invalda INVL, the leading Baltic investment management and life insurance group, to acquire from 10% to 20% of the shares of Šiaulių Bankas.
MoreThe shareholders of Invalda INVL authorised signing stock option agreements with employees of INVL group companies who are moving to the Šiaulių Bankas group as well as the procedure and price for the acquisition of the company’s shares in 2027.
MoreThe shareholders of Invalda INVL will decide on signing stock option agreements with employees of INVL group companies who are moving to the Šiaulių Bankas group as well as on the procedure and price for their acquisition of the company’s shares in 2027. A meeting of Invalda INVL shareholders on 22 November will vote on this matter.
MoreThe equity of Invalda INVL, a leading investment management and life insurance group in the Baltics, amounted to EUR 129.8 million or EUR 10.98 per share at the end of June this year, down by 0.76% and 0.81% respectively from the end of 2022.
MoreInvalda INVL, the leading investment management and life insurance group in the Baltics, increased its share capital after employees exercised stock options. On 21 July, the new wording of the company’s Articles of Association was registered at the Register of Legal Entities.
MoreInvalda INVL, the leading investment management and life insurance group in the Baltics, signed stock option agreements with employees of the company and its group regarding the acquisition of 47,394 shares of the company in the future.
MoreInvalda INVL, the leading investment management and life insurance group in the Baltics, acquired a further 1.95% of the shares of Šiaulių Bankas from the European Bank for Reconstruction and Development (EBRD). After the EUR 7.234 million transaction, the Invalda INVL group’s stake in Šiaulių Bankas grew to 9.999%. Invalda INVL conducted this second acquisition tranche, like the first one, through its wholly owned subsidiary INVL Life.
MoreThe client assets under management of the companies that are part of Invalda INVL, the leading investment management and life insurance group in the Baltics, exceeded EUR 2.0 billion at the end of March this year. That is 28.5% more than a year earlier and 7.5% more than at the start of 2023 (when the total was EUR 1.9 billion).
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