EurEst Capital and its partners have already applied to the Bank of Lithuania for clearance and, according to the sources, Finasta's management team and Zabolis jointly with LHV are preparing documents to the central bank.
However, the potential investors in Finasta are unwilling to comment on their plans. Finasta CEO Audrius Barštys tells BNS that he remains interested in the sale, while Zabolis says that he is not considering such a possibility.
"Interest remains. But perhaps all information about the process could be provided by the bankruptcy administrator," said Barštys, who has a new partner for the possible acquisition, according to the sources.
In mid-March, Barštys established Fox Holdings, but he did not disclose if the new company was related to the possible acquisition of Finasta.
"We are not considering such a possibility at the moment. We are not holding any talks and no process is underway. Therefore, I have nothing to say," Zabolis told BNS. However, he previously denied having intentions to buy Snoras' consumer finance company Snoro Lizingas.
A consortium made up of LHV, which is one of Estonia's biggest banks, and RAZFin, a company founded by the Rakauskas family and Zabolis, is buying Snoro Lizingas. According to media reports, the consortium wants to purchase Finasta as well.
One of the potential investors in Finasta - Estonia's EurEst Capital together with a group of legal and natural persons -- has already submitted documents to the Bank of Lithuania. The central bank is to complete its assessment of the proposed acquisition by Jul. 26, but this can be extended by up to 20 working days if some additional documents and information is needed.
According to the media, the potential buyer's biggest competitors are Snoro Lizingas' buyer and Finasta's managers.
A deal on the sale of Finasta, which is now owned by Finasta Holding, a Snoras Group company, will have to be approved by the central bank.
