ŽIA valda is a Lithuanian

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

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 includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as hot air ...

services,

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

, financial mediation,

agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...

, services for businesses and

real estate Real estate is 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 (also) an item of real property, (more general ...

. The majority of the company's income comes from management fees,

dividends A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-in ...

and revenue from part sales of businesses. To this day, assets after

loans In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that de ...

owned by the company both directly and through its affiliates, related or associated companies are valued at nearly 120 million

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

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

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

and the

Baltic States The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

with a 30% share of the market. 2003: founding of Agrovaldymo grupė (now Agrowill Group). Today, it's the largest

agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...

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 ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urb ...

City – 27 hectares. Beginning of a private housing development project in Gulbinai settlement with a total area 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

Iceland Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...

ic 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 is a provider of aviation capacity solutions for passenger and cargo airlines worldwide. Headquartered in Vilnius (Lithuania), the group manages over 100 offices and production facilities globally and employs a majority of its ...

) and VA reals; in total the group unites 9 companies. Design and construction of infrastructure purpose objects in

Vilnius International Airport Vilnius Airport ( lt, Vilniaus oro uostas) is the international airport of Vilnius, the capital of Lithuania. It is located south of the city. It is the largest of the three commercial airports in Lithuania by passenger traffic. With one runway ...

: 3 hangars for

aircraft An aircraft is a vehicle that is able to fly by gaining support from the air. It 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 ...

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 48 m 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 A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent 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 The Nasdaq Vilnius is a stock exchange established in 1993 (''Vilnius Stock Exchange'', ''VSE'') operating in Vilnius, Lithuania. It is owned by Nasdaq Nordic, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. OMX Vilnius ...

, becoming the first successful initial public offering for ŽIA valda. Within 3 months share value increases by 30% whereas average

OMX Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe. Historically, the operations were known by the company ...

index slumped by almost 30%. At the same year in its meeting in strategic committee, the

Lithuanian government The Government of Lithuania ( lt, Lietuvos Vyriausybė), officially the Government of the Republic of Lithuania (''Lietuvos Respublikos Vyriausybė'', abbreviated ''LRV''), is the cabinet of Lithuania, exercising executive power in the count ...

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 a construction permit. The terminal is expected to be completed by November 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 In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an ...

by 40% and issues additional shares.

ŽIA valda group of companies

* Agrowill Group *

*Raigesta *VA Reals *ŽIA Valda

References

External links

Official siteHistory of the company
{{DEFAULTSORT:Zia Valda Investment companies of Lithuania Companies based in Vilnius 1997 establishments in Lithuania Holding companies established in 1997 Financial services companies established in 1997 Holding companies of Lithuania