Invalda INVL completes acquisition of the third tranche of Šiaulių Bankas shares from EBRD
Acquiring Company
Invalda INVL
Acquired Company
Šiaulių Bankas
ŠiauliaiFinancial ServicesFinanceFinancial ServicesFinanceBankingDescription
Invalda INVL, the leading Baltic asset management group, has successfully acquired a further 11,733,728 units (1.77%) of the shares of Šiaulių Bankas from the European Bank for Reconstruction and Development (EBRD), increasing its stake to 19.93%. This transaction is the third and final acquisition tranche under the Share Purchase-Sale Agreement, solidifying Invalda INVL's strategic positioning as a key shareholder in Šiaulių Bankas.
Quick answer
Invalda INVL is acquiring Šiaulių Bankas, announced May 31, 2024.
- How much did Invalda INVL pay for Šiaulių Bankas?
- The deal value was not disclosed.
- What does Invalda INVL do?
- Invalda INVL is the leading Baltic asset management group, with a strong focus on business acceleration and strategic acquisitions.
- Where are Invalda INVL and Šiaulių Bankas based?
- Šiaulių Bankas is based in Šiauliai, Siauliai County, Lithuania.
- Who are the decision-makers at Invalda INVL?
- Fundz holds 1 contact at Invalda INVL. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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When Invalda INVL changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Šiaulių Bankas?
Šiaulių Bankas was acquired by Invalda INVL. The deal was reported on May 31, 2024. Invalda INVL is the leading Baltic asset management group, with a strong focus on business acceleration and strategic acquisitions. Invalda INVL is privately held and operates in Financial Services.
When did Invalda INVL acquire Šiaulių Bankas?
Invalda INVL's acquisition of Šiaulių Bankas was reported on May 31, 2024. Invalda INVL, the leading Baltic asset management group, has successfully acquired a further 11,733,728 units (1.77%) of the shares of Šiaulių Bankas from the European Bank for Reconstruction and Development (EBRD), increasing its stake to 19.93%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Šiaulių Bankas do?
Šiaulių Bankas is a prominent bank in Lithuania, experiencing a 12% growth in net profit in 2023, reaching EUR 75.4 million. It is privately held, operating in Financial Services, and is based in Šiauliai.
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