"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.
