AB Agrowill Group (now – AUGA group)

Sale date:
2010 year
Company activity:
Production of agricultural products and investment into land of agricultural purpose
Invested:
€1.2 million (2003)
Sales amount:
€1.6 million

In 2003 Invalda Group invested into an agricultural investment company Agrovaldymo Grupe (currently - Agrowill Group) and managed its 25 % holding. Following a stage of rapid growth, the company's shares in 2008 were admitted to the trading list of NASDAQ Vilnius. Having attracted some tangible resources for its development Agrowill Group executed several acquisition transactions in the Baltic States, however, due to significant outstanding liabilities the company started encountering serious financial difficulties. In 2010 after Agrowill Group capitalised part of its debts, interest of Invalda in the company decreased to a share that did not allow any influence upon the company's management, therefore Invalda withdrew from this project by selling its shares through the stock exchange.

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