News

Moldova-Agroindbank will distribute almost EUR 10 million dividend

The shareholders of Moldova-Agroindbank (MAIB), the  largest bank in Moldova, approved MDL 209 m (c. EUR 9.8m) dividend at the AGM held on 22 July 2021. Last year no dividend for 2019 was distributedin order to conserve capital in the face of the COVID pandemic.

State Aid Fund for Business to invest up to €5 mn in the engineering solutions company Montuotojas

The State Investment Management Agency (VIVA), which manages the State Aid Fund for Business (Fund), signed a deal with one of the biggest engineering solutions, industrial equipment manufacturing and construction company Montuotojas. Under the signed agreement, the Fund will acquire in stages the company bonds that are up to €5 mn in value. The main shareholder of Montuotojas, a private equity fund INVL Baltic Sea Growth Fund, has granted the company additional €1 mn.

InMedica invests in hair transplantation services

The chain of medical clinics InMedica, an investment of INVL Baltic Sea Growth Fund, has acquired Hair Clinic – a medical clinic focused on hair transplantation and hair loss treatment. According to InMedica’s representatives, this investment represents a growing demand for such services. Additions of new locations and team members are in the works.

INVL Baltic Real Estate earned a net profit of EUR 121 thousand in the first quarters of this year

Real estate investment company INVL Baltic Real Estate’s consolidated net profit for the first quarter of this year was EUR 121 thousand, a decrease of 70% compared to the same period of 2020. The company’s consolidated equity at the end of March this year was EUR 18 million, or EUR 2.23 per share, and increased 11.8% compared to the end of the first quarter of 2020 (also taking into account dividends that were paid).