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Thursday, 28.03.2024, 19:47
Chinese businessman buys Snoras' HQ in Vilnius for EUR 5 mln
Snoras' bankruptcy
administrator Gintaras Adomonis says
that the sale process took time as some buyers found the price too high and
others had doubts about adapting the building for their business needs.
"At long last, we have an investor who has a vision and the financial
capability and who, I hope, will successfully implement his ambitious
development plans," he said in a press release on Wednesday.
The sale of the headquarters was launched in late 2016, with the initial
selling price set at 5.307 million euros.
Alsana is 100% owned by Zhan Biao
Wang, a Chinese national.
Snoras' operations were
suspended in November 2011. The bank's former shareholders Vladimir Antonov and Raimondas
Baranauskas are hiding from Lithuanian law-enforcement in Russia.