Invalda INVL, one of the leading asset management groups in the Baltic region, acquired new issue of Siauliu bankas shares for the amount of EUR 6.19 million and will own 6.79 percent of share capital in Siauliu Bankas.
The deal was completed after permit to increase share capital from the Bank of Lithuania was received and after amendments of the Articles of Association was registered at the Register of Legal Entities. The new issue of Siauliu bankas shares were settled for the aquisition of the shares of the bank Finasta and brokerage company Finasta from Invalda INVL.
“We believe that growth-oriented strategy of Siauliu bankas and demonstrated good results will guarantee increase in our investment – Siauliu bankas shares”, – Darius Sulnis, prezident of Invalda INVL, said.
According to him, the main activity of Invalda INVL group remains the asset management business. At the end first half of 2015 asset management companies owned by Invalda INVL, operating in Lithuania and Latvia, managed assets amounting to EUR 305 million, or 10.8 per cent more than at the end of 2014 (EUR 275.3 million).