“This year, we plan to sell at least 50 percent of Snoras’ assets, i.e. buildings, cars, shares in companies, excluding the loan portfolio,” she said in an interview to the Verslo Žinios business daily.
The loan portfolio should be sold over the coming several years, she said.
The creditors’ committee sought to link pay for the bankruptcy administrator with performance, Mažintienė said. “I hope we will manage to approve a remuneration scheme providing for the payment of a certain percentage in exchange for a specific task performed and money recovered. We hope to agree on the remuneration system by the end of the year. Then the potential cost of the bankruptcy process would become clearer.”