INVL Baltic Real Estate

M&A Activity • Jul 2, 2015

Disclosure 325587

INVL Baltic Real Estate - Notification on material event

INVL Baltic Real Estate increased economic interest in Latvian Dommo to 100 per cent

Vilnius, Lithuania, 2015-07-02 16:23 CEST (GLOBE NEWSWIRE) -- On NASDAQ OMX Vilnius stock exchange listed real estate investment company INVL Baltic Real Estate completed acquisition process and increased share in nearby Riga located logistics complex Dommo from 50 to 100 per cent for EUR 3.1 million. The payment for deal process was completed on 2 July 2015. Latvian companies Dommo grupa and Dommo biznesa parks, which 100 per cent is now owned by INVL Baltic Real Estate, owns 12,800 square meters logistics center and 58 hectares of land. Annual revenues of Dommo complex amounts to about EUR 0.6 million. INVL Baltic Real Estate group currently invested into real estate objects in Vilnius and Riga. Company was established in April 2014 as a spin off from Invalda LT (currently operating as Invalda INVL). At the end of first quarter of 2015 financial year equity attributable to shareholders of the company was EUR 14.8 million, or EUR 2.10 per share. The person authorized to provide additional information: Andrius Dauksas Director E-mail:andrius@InvaldaLT.com