News

INVL Baltic Real Estate acquires building at Vilniaus Street 37-4 for EUR 2.4 million

Today, 24 September, the real estate investment company INVL Baltic Real Estate signed an agreement with the state enterprise Turto Bankas on the purchase of part of the building and land plot at Vilniaus Street 37-4 in Vilnius for EUR 2.4 million. The total area of the acquired facilities is 1552.46 square meters (including 430 sq. m. of unfurnished attic space), while the area of the land plot is 0.1185 ha.

Invalda INVL establishes INVL Life which will seek an insurance company licence

The asset management group Invalda INVL, in preparation for carrying out a transaction to acquire the Baltic business of Mandatum Life, one of Finland’s largest life insurance companies, has established a new company, INVL Life, which in the near future will apply to the Bank of Lithuania for an insurance company licence.

Invalda INVL sold the shares in Kelio ženklai

Asset management group Invalda INVL sold UAB Kelio ženklai, a company engaged in the production and export of road signs, other metal products and oak furniture. A 100 percent stake was sold to a group of private investors.

Invalda INVL continues employee stock option incentives

Invalda INVL will continue to provide the opportunity for employees of the asset management group to acquire stock options in the company. That and other decisions were adopted at the shareholders’ meeting held today.

Invalda INVL earned a net profit of EUR 5.3 million in 2020

Invalda INVL, one of the Baltic region’s leading asset management groups, had equity of EUR 83.2 million at the end of 2020, or EUR 7.11 per share, an increase of nearly 6% compared to the end of 2019 (also considering the EUR 9.3 million of dividends paid out). Invalda INVL’s net profit last year was EUR 5.3 million.