INVL Technology, AB controls 65.65 percent of BAIP group, UAB shares

INVL Technology, a company investing into IT businesses, informs that BAIP group completed share capital increase and stake controlled by INVL Technology decreased from 80 to 65.65 percent.

As announced on 27 November 2014, according to the shareholder‘s agreement signed by INVL Technology and BAIP group, new share issue was bought by BAIP group shareholders for LTL 1.71 million (EUR 0.5 million).

INVL Technology and BAIP group plan to merge and to attract at least EUR 10 million by new share issue, dedicated to investing into other IT companies.

         The person authorized to provide additional information:
         Darius Sulnis
         Phone +370 5279 0601
         E-mail: [email protected]

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