ŽIA valda
Encyclopedia
ŽIA valda is Lithuanian investment company
pursuing projects of higher profit margin, usually, by establishing and consistently developing a new business unit, by consolidating companies of one business sector into one larger company or by acquiring a business which has growth potential but requires substantial reorganization.
Businesses which achieve a certain degree of development concentrate their efforts into attracting public or institutional capital by selling a portion of their shares on IPO or private placement markets. The company manages and develops businesses operating in the sectors of aviation
services, infrastructure
, financial mediation, mass media
, agriculture
, services for businesses, catering
and real estate
.
The majority of company's income comes from management fees, dividends and revenue from part sales of businesses. To this day assets after loans owned by the company both directly and through its affiliates, related or associated companies are valued at nearly 120 million euro
s.
and the Baltic States
with a 30% share of the market.
2003: founding of Agrovaldymo grupė (now Agrowill Group
). Today it's the largest agricultural
company in Lithuania controlling 17 producers and processors of agricultural produce.
2004: founding of Žemės vystymo fondas (main operations – acquisition and lease of land for farming purposes) which is involved in consolidation of farming land and lease of it to farmers and Agrowill Group.
2005: privatization of Lithuanian Airlines. Total area of premises owned by ŽIA Valda reached 30.000 square metres; area of owned land in Vilnius
City – 27 hectares. Beginning of a private housing development project in Gulbinai settlement with a total are of more than 20 hectares (sold in 2006). Beginning of Kabantys sodai ("Hanging Gardens") project constructions on the edge of Vilnius centre.
2006: ranked second among a 1000 most rapidly developing Lithuanian businesses. Sale of controlling interest in Žvilgsnis iš arčiau (67% of shares were bought by an Icelandic
capital company operating in over 25 countries Creditinfo Group Ltd). Reorganization of Lithuanian Airlines, privatized a year ago, into a group of 3 businesses: flyLAL - Lithuanian Airlines, flyLAL Group Services (today known as Avia Solutions Group
) and VA reals; in total the group unites 9 companies. Design and construction of infrastructure purpose objects in Vilnius International Airport
: 3 hangars for aircraft
repairs, private passenger terminal
and office buildings.
2007: acquisition of 100% interest in Valstiečių laikraštis. Founding of UAB "Statinio interjeras"; field of operations – contracting, finish and general construction works.
2008: ŽIA valda launched a 48m LTL worth share issue; bought out by an Icelandic capital company SX investments and a Lithuanian capital company Amber capital partners. Due to the arrival of new shareholders, the company forms a Board; Board's work regulation approved. Subsidiary company Finhill, registered a year ago, is issued with Category B broker licence which allows the company provision of finance related services. Agrowill Group was listed on the Vilnius Stock Exchange
, becoming the first successful initial public offering for ŽIA valda. Within 3 months share value increases by 30% whereas average OMX
index slumped by almost 30%.
At the same year in its meeting in strategic committee the Lithuanian government endorses that AB flyLAL Group passenger terminal under construction in the place of the current premises owned by UAB VA reals is of strategic importance to Lithuania. The decision marks the beginning of the process to obtain construction permit. The terminal is expected to be completed by November of 2009.
Agrowill Group approves plans for active growth and intends to make around 10 acquisitions and increase the area of farming land and its revenue by several times. To achieve its targets ŽIA valda increases the number of its shares by 40% and issues additional shares.
Investment company
An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses....
pursuing projects of higher profit margin, usually, by establishing and consistently developing a new business unit, by consolidating companies of one business sector into one larger company or by acquiring a business which has growth potential but requires substantial reorganization.
Businesses which achieve a certain degree of development concentrate their efforts into attracting public or institutional capital by selling a portion of their shares on IPO or private placement markets. The company manages and develops businesses operating in the sectors of aviation
Aviation
Aviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...
services, infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
, financial mediation, mass media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
, agriculture
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
, services for businesses, catering
Catering
Catering is the business of providing foodservice at a remote site or a site such as a hotel, public house , or other location.-Mobile catering:A mobile caterer serves food directly from a vehicle or cart that is designed for the purpose...
and real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
.
The majority of company's income comes from management fees, dividends and revenue from part sales of businesses. To this day assets after loans owned by the company both directly and through its affiliates, related or associated companies are valued at nearly 120 million euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
s.
History
ŽIA valda was founded in 1997. In 2002, the company become an investment holding company. At the same year ŽIA valda acquired Žvilgsnis iš arčiau, a credit management and debt recovery company in LithuaniaLithuania
Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...
and the Baltic States
Baltic states
The term Baltic states refers to the Baltic territories which gained independence from the Russian Empire in the wake of World War I: primarily the contiguous trio of Estonia, Latvia, Lithuania ; Finland also fell within the scope of the term after initially gaining independence in the 1920s.The...
with a 30% share of the market.
2003: founding of Agrovaldymo grupė (now Agrowill Group
Agrowill Group
Agrowill Group is a Lithuanian agricultural company, which produces cereals, milk and leases land. In 2009 Agrowill Group was recognized as the biggest private agricultural company in Europe. The company is listed on NASDAQ OMX Vilnius and Warsaw Stock Exchange . As of May 2010, ŽIA valda held...
). Today it's the largest agricultural
Agriculture
Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
company in Lithuania controlling 17 producers and processors of agricultural produce.
2004: founding of Žemės vystymo fondas (main operations – acquisition and lease of land for farming purposes) which is involved in consolidation of farming land and lease of it to farmers and Agrowill Group.
2005: privatization of Lithuanian Airlines. Total area of premises owned by ŽIA Valda reached 30.000 square metres; area of owned land in Vilnius
Vilnius
Vilnius is the capital of Lithuania, and its largest city, with a population of 560,190 as of 2010. It is the seat of the Vilnius city municipality and of the Vilnius district municipality. It is also the capital of Vilnius County...
City – 27 hectares. Beginning of a private housing development project in Gulbinai settlement with a total are of more than 20 hectares (sold in 2006). Beginning of Kabantys sodai ("Hanging Gardens") project constructions on the edge of Vilnius centre.
2006: ranked second among a 1000 most rapidly developing Lithuanian businesses. Sale of controlling interest in Žvilgsnis iš arčiau (67% of shares were bought by an Icelandic
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...
capital company operating in over 25 countries Creditinfo Group Ltd). Reorganization of Lithuanian Airlines, privatized a year ago, into a group of 3 businesses: flyLAL - Lithuanian Airlines, flyLAL Group Services (today known as Avia Solutions Group
Avia Solutions Group
Avia Solutions Group is a Lithuanian group of aviation-related companies providing infrastructural solutions for airlines, travel business companies and state institutions. It is the largest group of such kind in the Baltic States and one of the largest in Eastern Europe and CIS...
) and VA reals; in total the group unites 9 companies. Design and construction of infrastructure purpose objects in Vilnius International Airport
Vilnius International Airport
Vilnius International Airport is the largest civil airport in Lithuania. It is located south of Vilnius, the capital of Lithuania. It began operations in 1944. The old terminal was built in 1954.- History:...
: 3 hangars for aircraft
Aircraft
An aircraft is a vehicle that is able to fly by gaining support from the air, or, in general, the atmosphere of a planet. An aircraft counters the force of gravity by using either static lift or by using the dynamic lift of an airfoil, or in a few cases the downward thrust from jet engines.Although...
repairs, private passenger terminal
Passenger terminal
Passenger terminal may refer to:*A train station terminus at the end of a railway line*Airport terminal, a building at an airport where passengers board and disembark from aircraft...
and office buildings.
2007: acquisition of 100% interest in Valstiečių laikraštis. Founding of UAB "Statinio interjeras"; field of operations – contracting, finish and general construction works.
2008: ŽIA valda launched a 48m LTL worth share issue; bought out by an Icelandic capital company SX investments and a Lithuanian capital company Amber capital partners. Due to the arrival of new shareholders, the company forms a Board; Board's work regulation approved. Subsidiary company Finhill, registered a year ago, is issued with Category B broker licence which allows the company provision of finance related services. Agrowill Group was listed on the Vilnius Stock Exchange
Vilnius Stock Exchange
The NASDAQ OMX Vilnius is a stock exchange established in 1993 operating in Vilnius, Lithuania. It is owned by OMX, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange....
, becoming the first successful initial public offering for ŽIA valda. Within 3 months share value increases by 30% whereas average OMX
OMX
OMX AB is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc and is now a part of the NASDAQ OMX Group since February 2008.It has two divisions, OMX Exchanges, which operates eight stock exchanges mainly in the Nordic and Baltic...
index slumped by almost 30%.
At the same year in its meeting in strategic committee the Lithuanian government endorses that AB flyLAL Group passenger terminal under construction in the place of the current premises owned by UAB VA reals is of strategic importance to Lithuania. The decision marks the beginning of the process to obtain construction permit. The terminal is expected to be completed by November of 2009.
Agrowill Group approves plans for active growth and intends to make around 10 acquisitions and increase the area of farming land and its revenue by several times. To achieve its targets ŽIA valda increases the number of its shares by 40% and issues additional shares.
ŽIA valda group of companies
- Agrowill GroupAgrowill GroupAgrowill Group is a Lithuanian agricultural company, which produces cereals, milk and leases land. In 2009 Agrowill Group was recognized as the biggest private agricultural company in Europe. The company is listed on NASDAQ OMX Vilnius and Warsaw Stock Exchange . As of May 2010, ŽIA valda held...
- Alytaus kranai
- Baltic Media Partners
- Etalinkas
- Finhill
- flyLAL - Lithuanian Airlines
- Avia Solutions GroupAvia Solutions GroupAvia Solutions Group is a Lithuanian group of aviation-related companies providing infrastructural solutions for airlines, travel business companies and state institutions. It is the largest group of such kind in the Baltic States and one of the largest in Eastern Europe and CIS...
- Kabantys sodai
- KNS Valda
- Rackunai project holhings
- Raigesta
- Reals.lt
- Search Group
- Smulkus urmas
- Statinio interjeras
- Valstiečių laikraštis
- VA Reals
- Orem holdings (formerly "Žiavalda Real Estate")
- ŽIA Valda, TZVO