“VATS” Ltd. is organizing an electronic auction of its fixed assets, offering a bundle of items that includes the company’s movable property, such as electricity supply, transformation, and distribution equipment, as well as real estate.
The company operates in the field of electricity distribution services and power supply to industrial enterprises in the city of Ventspils, primarily within the Freeport of Ventspils. According to its licensed service area, “VATS” Ltd. is not authorized to provide distribution system operator services outside the city limits of Ventspils. Therefore, its operations are specific and geared toward large industrial clients located within the city.
Given the current geopolitical situation, which has also impacted businesses operating in the Port of Ventspils and considering the challenges of surviving as a standalone entity in the open electricity market, the company’s shareholders – Ventspils Municipality and private capital companies – have decided to sell the bundle of assets via auction.
Interested bidders must submit applications for participation in the electronic auction by the 20th of June 2025 14:00, by sending their application to [email protected], signed with a secure electronic signature, and attaching documents confirming their eligibility.
Applicants are also required to submit a security deposit to “VATS” Ltd. by the 20th of June 2025.
The electronic auction will take place for approved bidders from 13:00 on the 30th of June 2025, to 13:00 on the 30th of July 2025, on the official electronic auction platform: https://izsoles.ta.gov.lv.
More information is available on the “VATS” Ltd. website, as well as on the websites of the Ventspils Municipality and the Ministry of Justice’s electronic auction platform.