Announcement on the sale through competitive bidding of the real estate “Bulduri-1” located in Mārupe Municipality owned by SIA LANATA (AS PNB Banka group company)


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš, and SIA LANATA, registration No 40103214284 (hereinafter – “SIA LANATA”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the real estate “Bulduri-1” owned by SIA LANATA Mārupe Municipality, cadastral No 80760030255 (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate is the land plot of 5.74 ha, cadastral designation 8876 003 0255.

The Bank and IPAS PNB Asset Management, registration No 40003411599, are the mortgage lenders.

The appraised value and starting price of the Real Estate – EUR 650 000.

The competitive bidding price is exempt from the value added tax.

Application deadline – 9 March 2021, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 on business days from 9:00 AM to 5:00 PM.

Information on applying for the competitive bidding, the competitive bidding procedure, conditions for closing transactions and other relevant information is provided in the competitive bidding regulations available free of charge on the Bank’s website or Latio’s website For more information on competitive bidding regulations please call +371 29165900.


All persons willing to participate in the competitive bidding should complete the following:

- by 9 March 2021, 05:00 PM, attend an on-site identification at the Bank’s office, submit the application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by 9 March 2021, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, to the Bank’s account No LV26BLIB1001005254001, in AS “Baltic International Bank”;

- by 9 March 2021, 11:59 PM, transfer the deposit of EUR 65 000, i.e. 10% of the starting price, to SIA LANATA account No LV38MULT1010A60980010, AS “Industra Bank”.


The application for participation in the competitive bidding and the documents attached thereto shall be submitted at the Bank’s office in Riga, 15-2 Elizabetes Street (Latvian: Elizabetes iela 15-2), on business days from 09:00 AM to 05:00 PM, or sent via e-mail to in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.