Provider: Wright Reports
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Invalda LT AB to concentrate on asset management business
Invalda LT AB:Says it is planning to establish the management company and seeks to become one of the private equity, real estate, investment and pension funds management companies in the region.Says after the approval of the shareholders, three to four companies which manage homogeneous assets and which are planning to separate from Invalda LT AB, will be applying for closed-end investment company licenses.Says preliminarily the first few investment companies will operate in the agricultural land sector, real estate sector and IT sector.Says the implementation of the planned asset management changes will depend on the decisions of the General Shareholders Meeting and the Bank of Lithuania.Says therefore, there is a possibility that the reorganization of a part of it may not happen or the structure of the proposed reorganization may change.
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