“There are several potential buyers eyeing Finasta. The deadline for application to the central Bank of Lithuania has not been established for them. We, in our turn, will choose the best bid,” Tomas Vaišvila, Snoras’ spokesman, told the web portal.
One of potential Finasta’s buyers – Estonia’s EurEst Capital and a group of companies and individuals – has already submitted relevant documentation to the Bank of Lithuania. According to the portal, this buyer will have to compete for the deal with the chosen buyer of Snoro Lizingas and a group of Finasta’s executives.
“We are still interested in this acquisition. However, it would be too premature to make any detailed comments. I may only say that I’m not on the list of buyers that have already approached the Bank of Lithuania,” Andrius Barštys, Finasta CEO, told eversus.lt.
Alvydas Zabolis, the managing partner at Zabolis ir Partneriai, would not make any comments about Finasta, either.
Zabolis ir Partneriai teamed up with the Rakauskas family, the owners of Senukai DYI chain, to establish RAZFin and acquire Snoro Lizingas. LHV will acquire 50 percent plus one share in Snoro Lizingas and will provide loans to finance Snoro Lizingas’ operations.
According to the web portal, market players do not rule out that Neil Cooper, Snoras’ bankruptcy administrator, may sell Snoro Lizingas and Finasta to the same investor.
The Bank of Lithuania is currently assessing an application by EurEst Capital and a group of companies and individuals to acquire a stake in Finasta.
