Vilnius, Lithuania, 2014-06-03 18:11 CEST (GLOBE NEWSWIRE) -- Invalda LT, one of the largest investment companies in Lithuania, acquired 12.42 per cent stake in INVL Baltic Real Estate and 12.42 per cent stake in INVL Technology. Transactions in total worth EUR 2.2 million (LTL 7.6 million) were signed with a company Lucrum Investicija, which is controlled by Darius Sulnis, the president of Invalda LT.
“The Board of Invalda LT has decided to invest in INVL Baltic Real Estate and INVL Technology shares at certain conditions. This transaction is concluded between related persons but on the market terms and D. Sulnis abstained from voting on this decision”, said Alvydas Banys, Chairman of the Board of Invalda LT.
Price paid for 12.42 per cent stake in INVL Baltic Real Estate – EUR 1.593 million (LTL 5.5 million), or 1.82 EUR per share. Price paid for 12.42 per cent stake in INVL Technology – EUR 0.607 million (LTL 2.097 million), or 8.25 EUR per share.
Shares of INVL Baltic Real Estate and INVL Technology will be listed on NASDAQ OMX Vilnius stock exchange from 4th of June 2014.
The person authorized to provide additional information:
Darius Sulnis
President
Phone +370 5279 0691
E-mail:Darius@InvaldaLT.com