OREANDA-NEWS. August 14, 2013. Bankruptcy Administrator Neil Cooper today confirms that BAB bankas SNORAS (bankrupt) successfully closed the sale transaction and the shares of UAB “SNORO lizingas” have been sold to AS LHV Group, one of Estonia’s largest banks, and its partner RAZFin, an investment company controlled by Rakauskai family and investment group Zabolis Partners, for a total consideration of LTL 74 million including full repayment of outstanding loans.

Neil Cooper commented: “We are pleased to announce that we have sold UAB “SNORO lizingas” to a reliable investor group which shall ensure continuing success of the company. This sale represents a good outcome for the creditors of BAB bankas SNORAS."