INVL Asset Management, one of Lithuania’s leading asset management companies, has merged the INVL Emerging Europe ex Russia TOP20 Subfund into the INVL Baltic Fund. On completion of the merger, the INVL Baltic Fund has assets under management of EUR 9.7 million. The Bank of Lithuania approved the merger on 18 November 2019.
The INVL Baltic Forests Fund I managed by INVL Asset Management, one of Lithuania’s leading asset management companies, sold 4 300 hectares of forest in Lithuania. Silvestica Green Forest Lithuania acquired the companies Aukštašilė and Aukštagirė, which owned most of the fund’s forest portfolio. The size of the transaction is not being made public.