Following the completion of a retail businesses merger, Invalda INVL, the leading Baltic asset management group, has acquired 9.39% of the shares of Šiaulių Bankas and increased its equity stake to 18.45%, thus becoming the bank’s largest shareholder.
MoreInvalda INVL plans to publish information to investors in 2024 in accordance with the following calendar:
MoreMoldova-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.
MoreInvalda INVL concluded stock option contracts with the employees of the subsidiaries, who transfer to AB Šiaulių bankas.
MoreInvalda INVL’s equity at the end of September this year was EUR 135.6 million, or EUR 11.29 per share. The figures were 3.7% and 2 % larger, respectively, than at the end of 2022.
MoreŠiaulių 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.
Moreon 30 November 2023, Invalda INVL group companies signed the compulsory documents with AB Šiaulių bankas group companies by which businesses under the Master Agreement are transferred for the merger
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.
MoreOn 21 November 2023 Invalda INVL has received a decision of the European Central Bank by which it does not object that Invalda INVL acquired from 10 to 20 percent of the shares of joint-stock company Šiaulių bankas
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