Invalda INVL's Strategic Move for Simplification
Invalda INVL is making significant strides to streamline its operations by engaging in a series of securities transactions through its wholly-owned subsidiary, INVL Life UAB. This initiative follows the integration of life insurance services with Šiauli? Bankas Group, which will take effect on December 1, 2023. The merger aims to improve efficiency and consolidate resources across the group.
Notable Securities Transactions
Recently, Invalda INVL has made some notable acquisitions from INVL Life:
Key Shares Acquired
- 1,873,678 shares of INVL Technology, representing a 15.39% stake in its share capital.
- Complete ownership of Cedus Invest, the company that manages Invalda INVL’s investments in UAB Litagra.
- A portion of units from the INVL Baltic Sea Growth Fund—a closed-end private equity investment fund primarily aimed at professional investors—with a capital commitment totaling EUR 7,621,959.71.
Total Value of Transactions
The total value of these transactions amounts to an impressive EUR 44.6 million. It is worth noting that the shares and investment units mentioned were transferred to INVL Life as part of a capital increase that took place in early 2022. Invalda INVL plans to acquire the remaining securities held by INVL Life soon, which will complete this operation.
Impact on Financial Results
Since these transactions occurred within the group, they will not affect Invalda INVL's financial results or share price. This structure strengthens the group's internal strategies and paves the way for future growth opportunities.
For Additional Information
If you have any questions, please contact Darius Šulnis, the CEO of Invalda INVL, via email at darius.sulnis@invl.com.
Frequently Asked Questions
What is the purpose of the transactions by Invalda INVL?
The purpose of these transactions is to simplify operations following the merger of life insurance services with Šiauli? Bankas Group.
How much was the total value of the transactions?
The total value of the transactions is EUR 44.6 million, reflecting the strategic acquisitions made from INVL Life.
What stakes has Invalda INVL acquired?
Invalda INVL has acquired shares in INVL Technology, full ownership of Cedus Invest, and units from the INVL Baltic Sea Growth Fund.
Will these transactions affect Invalda INVL's financial results?
No, these transactions, which are internal to the group, will not impact Invalda INVL's financial performance or share price.
Who can I contact for more information?
You can reach out to Darius Šulnis, CEO of Invalda INVL, for more information at darius.sulnis@invl.com.