Shares of the three companies split-off from Invalda LT, are listed on NASDAQ OMX Vilnius Stock Exchange since 4 June. INVL Technology, INVL Baltic Farmland and INVL Baltic Real Estate in their nature will become similar to funds and later will attract additional investments. <\/p>\n
“Listing of the shares of the new companies on Stock Exchange allows to choose where to invest to. We believe that companies holding homogenous assets are more attractive for larger amount of investors” – Darius Sulnis, the president of Invalda LT and manager of the newly established companies said.<\/p>\n
INVL Technology, INVL Baltic Farmland and INVL Baltic Real Estate will apply for a closed-end investment company license to the Bank of Lithuania, and in their nature will become similar to funds. Management of the companies later should be transferred to Invalda LT Investments, owned by Invalda LT.<\/p>\n
The first investment of INVL Technology is 80% shares in BAIP Group, UAB (other shareholders of BAIP Group can additionally acquire 11.265% of BAIP Group shares for the value of LTL 1.25 million (EUR 0.4 million). Consolidated audited revenue of BAIP Group increased by 25.3% in 2013 and amounted to LTL 50.752 million (EUR 14.699 million), meanwhile EBITDA, as compared to last year, increased by 65.6% and amounted LTL 4.45 million (EUR 1.289 million).<\/p>\n
The fair value of shares of INVL Technology will be determined by the market. At 6-10 EV\/EBITDA, capitalization of the company would reach LTL 13.5-25.2 million. The company has issued a total of 592,730 shares.<\/p>\n
At the end of March 2014, 17 companies, which are currently owned by INVL Baltic Farmland, managed about 3 thousand hectares of land. More than 99 percent of managed land is being cultivated by Lithuanian farmers and agricultural companies. The total value of the managed land was LTL 36.972 million (EUR 10.7 million). Consolidated shareholders’ equity amounted to LTL 34.313 million (EUR 9.94 million). INVL Baltic Farmland has issued a total of 3,294,209 shares and the book value of the share is 10.42 litas (3.02 euros).<\/p>\n
Subsidiary companies of INVL Baltic Real Estate have invested in real estate in Vilnius and Riga and manage about 52 thousand sq. m. of the real estate space. IBC Business Center on Seimyniskiu street, business centers on Vilnius\/Palanga and Zygio streets, office and warehouse buildings on Kirtimu street are among the objects managed in Vilnius. The company, together with partners, has invested in logistics buildings near Riga (Latvia), 58 hectares of the area has further development opportunities.<\/p>\n
The company’s equity value would be LTL 49 million (EUR 14.2 million) at the end of March 2014, the value of real estate assets, managed by the Group companies – LTL 144 million (EUR 41.7 million). INVL Baltic Real Estate has issued a total of 7,044,365 shares, book value of one share is LTL 6.96 (EUR 2.02).<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of the three companies split-off from Invalda LT, are listed on NASDAQ OMX Vilnius Stock Exchange since 4 June. INVL Technology, INVL Baltic Farmland and INVL Baltic Real Estate..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[6],"class_list":["post-13218","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-imported"],"acf":[],"yoast_head":"\n