Announcement on the sale through competitive bidding of the real estate located in Mārupe Municipality, Mārupe, 38 Druvas Street, owned by SIA Magnum Estate (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 Magnum Estate, registration No 40103295514 (hereinafter – “SIA Magnum Estate”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the real estate owned by SIA Magnum Estate located in Mārupe Municipality, Mārupe, 38 Druvas Street (Latvian: Mārupes novads, Mārupe, Druvas iela 38), cadastral No 80760030645 (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate consists of a land plot of 0.1405 ha, cadastral designation 8876 003 02645, and a multi-household low-rise newly built building (cadastral designation 8076 003 0645 001).

The Bank is the Real Estate’s mortgage lender.

The appraised value and starting price of the Real Estate – EUR 440 000.

The competitive bidding price is subject to value added tax and the amount taxable shall be the price offered for the Real Estate.

Application deadline – 18.02.2022, 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 (hereinafter – “the Regulations”) available free of charge on the Bank’s website or Latio’s website For more information on the Regulations please call +371 29415520.


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

- by 18 February 2022, 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 18 February 2022, 11:59 PM, transfer to PNB Banka account No. LV69BLIB1001005254003, in AS "Baltic International Bank", the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 44 000, i.e. 10% of the starting price.


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.