October 16. Riga. The Latvian investment management company IPAS Baltikums Asset Management, which was acquired by AB Invalda in September, is changing its name and will now be called Invalda Asset Management Latvia. Invalda has been operating in the Latvian asset management market since 2006 and in September this year, it acquired 100 percent of the shares in IPAS Baltikums Asset Management from the Latvian bank AS Akciju komercbanka Baltikums. In Latvia, Invalda Asset Management Latvia will manage two second tier pension funds and six (three of them of closed type) investment funds. In the future, the company plans to expand its service package. About Invalda The strategy of the Invalda financial group is to focus on the areas of asset management and private and investment banking. Asset management activities are currently concentrated in the sectors of finance, real property, pharmacy, manufacture of furniture, and road and bridge construction. The companies in the Invalda group mostly operate in the region of Central and Eastern Europe, but the company is also looking for new investment opportunities in neighbouring regions. The aim of the Invalda financial group is to carry out successful activities by focusing on long-term stable growth and to ensure high long-term financial return to its shareholders. The shares of AB Invalda have been quoted since 19 December 1995 (at that time it was the National Securities Exchange). Since 1 January 2008, the company's shares have been listed on the Official Trading List of the Vilnius Stock Exchange. The shares of Invalda are also included on the OMX Vilnius and OMX Baltic 10 trade indices, OMX Baltic Benchmark GI, the international Dow Jones STOXX indices EU Enlarged TMI, Eastern Europe, Eastern Europe 300 Financial Services, Eastern Europe Small, Eastern Europe TMI, and Eastern Europe TMI Small.
Latvian Company Baltikums Asset Management Will Now Be Called Invalda Asset Management Latvia
| Source: INVL Asset Management