Invalda INVL, the leading asset management group in the Baltics, has decided to sell part of its stake in Šiaulių Bankas (1.95 million shares or 0.29% of the share capital) in order to stay within the 20% threshold as set by the European Central Bank’s decision.
“Taking into account our current stake in Šiaulių Bankas and the completion of the acquisition of part of the European Bank for Reconstruction and Development’s stake announced in 2021, we would exceed the 20% threshold. Therefore, it was decided to sell part of the shares in Šiaulių Bankas. This week we sold almost 1.44 million shares of the bank through the Group’s company INVL Asset Management and we intend to sell the remaining shares in the near future,” says Darius Šulnis, CEO of Invalda INVL.
About Invalda INVL
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. Growing and developing with an open approach, it creates well-being for people through its work. The group’s companies manage more than EUR 1 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania and Latvia, management of pension funds in Latvia, and investments in global third-party funds.
The shares of Invalda INVL have been traded on the Nasdaq Vilnius stock exchange since 1995. Further information: https://www.invaldainvl.com/en/
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.