Līgatne Paper Mill movable property Sale Announcement


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – the Bank), Vigo Krastiņš and the limited liability company SIA Solum Estate, registration No 40103295641 (hereinafter – SIA Solum Estate), hereby announce the auction sale of the Līgatne Paper Mill movable property –, owned by SIA Solum Estate (hereinafter – The Movable Property).


The starting price of the Movable property is 350 000 EUR.

The starting price is specified without the value added tax (VAT). The applicants shall make their bids exclusive of VAT. The bid shall be subject to VAT and the taxable value shall be the value of the respective bid as specified in the application.

The Movable property are located and are available for inspection on the territory of Līgatne Paper Mill, Pilsoņu street 1 , Līgatne region, the Republic of Latvia The list of the movable property and more information please see in this link https://static.pnbbanka.eu/media/20210729/kustamas%20mantas%20saraksts%20LigatnePF2021.pdf

Application deadline – 11.10.2021, 05:00 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 (hereinafter – “the Regulations”) available free of charge on the Bank’s website https://pnbbanka.eu/en/auction. For more information on the Regulations please call +371 29415520.


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

- by 11 October 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 11 October, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 35 000, i.e. 10% of the starting price, to SIA Bank’s account No LV69BLIB1001005254003, AS "Baltic International 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 izsoles@pnbbanka.eu in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.