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.
INVL Asset Management, one of Lithuania's leading asset management companies, has established INVL Renewable Energy Fund I (REFI), which will invest in renewable energy assets in the European Union, mainly in Poland.
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.
, the largest environmental and waste management group in the Baltics, backed by private equity fund INVL Baltic Sea Growth Fund and European Bank for the Reconstruction and Development, has agreed a deal to acquire at least an 85% stake in the leading Lithuanian environmental solutions company, Ecoservice
INVL Baltic Farmland, a company that invests in agricultural land, had revenue of EUR 160 thousand in the first quarter of this yar and a net profit of EUR 106 thousand. Compared to the same period last year, the company’s revenue increased 4.6%, while its net profit grew 53.6%.
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.
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).
The equity of INVL Technology, a company that invests in IT businesses, increased 2,1% in the first quarter of 2021 from EUR 33.7 million, or EUR 2.77 per share, to EUR 34.4 million, or EUR 2.82 per share.
The real estate investment company INVL Baltic Real Estate will pay dividends of EUR 1 million to shareholders for 2020, an allocation of EUR 0.12 per share. That and other decisions were adopted at the general meeting of shareholders of the company which took place today.