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.
MoreINVL Renewable Energy Fund I raised €18.5 million and proceeded to initial closing. Of these, €1.24 million was invested by Invalda INVL Group together with the Fund’s partners.
MoreThe shareholders of Moldova-Agroindbank (MAIB), the largest bank in Moldova, approved MDL 209m (c. EUR 9.8m) dividend at the AGM held on 22 July 2021. Last year no dividend for 2019 was distributed in order to conserve capital in the face of the COVID pandemic.
MoreINVL 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.
MoreThe Supreme Administrative Court of Lithuania, having examined the appeals by INVL Asset Management and the Bank of Lithuania in the appeal procedure, on 12 July issued a ruling upholding the decision of the Vilnius Regional Administrative Court dated 11 February 2020 whereby the first instance court had partly satisfied the appeal by INVL Asset Management.
MoreINVL Asset Management, one of the leading asset management companies in Lithuania, has registered INVL Emerging Europe Bond Fund with Luxembourg’s financial market regulator CSSF at the start of July 2021.
MoreThe INVL Sustainable Timberland and Farmland Fund II (“STAFF II’), today announces that it has successfully raised a further EUR 18.5 million via a second offering and has reached a size of EUR 51 million towards its overall EUR100 million target. In its initial offering, the fund raised EUR 32.45 million.
MoreInvalda INVL today announces that it has signed a deal in principle to acquire Mandatum Life, one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia and Estonia respectively.
MoreINVL Asset Management, one of the leading asset management companies in Lithuania, seeking to increase the operating efficiency of the funds it manages and ensure the highest quality of services, is implementing strategic changes in several harmonised funds that it manages. The changes were authorised by the Bank of Lithuania on 26 April 2021.
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