"We are pleased to have reached an agreement with Lithuanian Post and will be working closely with them to ensure the smooth transfer of these assets. The sale is still subject to the approval of the creditors' committee elected on 12 June 2012. I look forward to discussing the details of this agreement with the creditors' committee and working with them to realize such assets for the benefit of all creditors," Neil Cooper, the bank's bankruptcy administrator, said in a press release on Thursday.
He said that more information would be provided once the sale was approved by the creditors' committee and completed.
Snoras' spokesman, Tomas Vaišvila, said that a letter of intent was signed on the sale of the kiosks.
"No agreements have been signed. The creditors' committee will discuss the deal and decide on it," he told BNS.
The spokesman said that the creditors' committee may hold its first meeting next week. "But it is not clear what the agenda of the meeting will be and if this issue will be on it," he added.
Lietuvos Paštas' spokeswoman Aurelija Jonušaitė told BNS that in line with the confidentiality agreement, the postal company will make no comments until the Snoras creditors' committee has taken a decision on the sale.
Before the collapse, Snoras had the largest retail banking network in Lithuania with more than 250 branches and customer service outlets, including the kiosks, and over 300 ATMs. Analysts have said that the kiosks alone could fetch around 7 million litas (EUR 2 m).
