The name of the leading bidder is kept secret, but it is thought in the market that it could be a foreign investment fund.
Second on the list of potential buyers of Finasta, which is expected to fetch 3.5 million euros, is Finasta's management team, including its CEO, Andrius Barstys, and his deputy, Aurimas Martišauskas, and several other people. They are looking to raise 2 million to 3 million litas for the acquisition.
It is thought that Scaent Baltic, owner of the financial brokerage firm Orion Securities, has also shown interest in buying Finasta.
Meanwhile, the Iq.lt portal has reported that the sale of Snoras' retail banking kiosks, or minibanks, has reached the second stage. Potential buyers are now expected to submit binding offers, and then negotiations will be held.
Iq.lt quoted its sources as saying that Lietuvos Paštas (Lithuanian Post) and mobile payments service provider Mokipay are the strongest contenders to buy the chain of minibanks.
According to the sources, the financing of Mokipay is related to Ūkio Banko Investicijų Grupė (Ūkio Bankas Investment Group, or UBIG), which is controlled by Vladimir Romanov, majority shareholder of Ūkio Bankas.