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Lithuania’s Snoras selling assets through eBay
BC, Vilnius, 17.12.2015.
Print version
Print versionSnoras’ bankruptcy administrator is selling certain assets of the bankrupt Lithuanian bank, such as electronic devices and hardware, via eBay, reports LETA/BNS.
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“Search for alternative ways of selling has been triggered, among other things, by the electronic auction system, which is still non-functional. However, the main reason is the unmatched market of potential buyers. I’d say it’s the first case in Lithuania’s bankruptcy administration history when the assets of a bankrupt organization are being sold via an international trading platform… We don’t think that trade will be too intensive. However, the initial attempts look promising”, Gintaras Adomonis said in a press release.
This week, the bank has sold a banknote counter for 370 US dollars (EUR 338.4).
Snoras was nationalized in November 2011. That was followed by the opening of bankruptcy proceedings in the subsequent month.
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