It is not clear yet when exactly the decision will be announced, because the agenda and date for a board meeting is set a couple of days before that meeting. What is clear is that the decision is likely to be made this or next week.
However, according to Eversus.lt, the board's decision will not accelerate Finasta's sale process, because other potential buyers have not yet applied to the central bank for approval.
"We are currently evaluating only one buyer - EurEst Capital and a group of legal entities and individuals. We have not yet started to assess other potential buyers of Finasta," the website quoted Vilija Petronienė, the head of the Licensing Division of the Prudential Supervision Department at the Bank of Lithuania, as saying.
Representatives of Snoras, Lithuania's bankrupt bank that owns Finasta and its subsidiaries, said in late May that there were several potential buyers for the group and that it would be sold to the buyer that would offer the highest price.
According to Eversus.lt, Finasta CEO Andrius Barštys continues to show interest in the acquisition. Snoro Lizingas' buyer - companies related to LHV Bank and Zabolis Partners - is seen as one of the most likely candidates to purchase the bank.
