📝 Description
Insulated metal pipes, wrapped with thermal insulation material, are being sold through a public secondary auction organized by AB "Kauno energija". The total starting price for the asset sale is set at 6160,00 Eur, excluding VAT. Viewing the property is possible on any of the three business days leading up to the auction start; review the detailed conditions beforehand.
The initial auction will run from 2025-10-15 09:00:00 to 2025-10-16 13:59:59. Registration for participation is open from 2025-10-06 00:00:00 until 2025-10-10 23:59:59. Note that the starting price per 1 ton is 88,00 Eur (excl. VAT), and the minimum bidding increment at the auction is 62,00 Eur.
Participation is restricted to legal entities registered in the Republic of Lithuania that are not undergoing restructuring or bankruptcy proceedings. Applicants must also be listed in the State Register of Waste Managers, maintaining records through the GPAIS system. Furthermore, they must hold the right to accept scrap metal under code 17 04 05.
Participants must pay a non-refundable 100,00 Eur registration fee plus a 5000,00 Eur security deposit before the auction begins. For the successful bidder, the security deposit serves as a performance guarantee for the contract. For other participants, the deposit will be returned within 5 business days after the auction concludes. The security deposit will not be refunded to a winning bidder who fails to sign the contract within 5 business days of receiving the invitation.
Payment for the asset must be completed within 3 business days following contract signing. Removal of the asset must occur within 20 calendar days from the date the contract is signed. The buyer is required to submit all necessary documentation, including registration in the State Register of Waste Managers and proof of tax payments.
The initial auction will run from 2025-10-15 09:00:00 to 2025-10-16 13:59:59. Registration for participation is open from 2025-10-06 00:00:00 until 2025-10-10 23:59:59. Note that the starting price per 1 ton is 88,00 Eur (excl. VAT), and the minimum bidding increment at the auction is 62,00 Eur.
Participation is restricted to legal entities registered in the Republic of Lithuania that are not undergoing restructuring or bankruptcy proceedings. Applicants must also be listed in the State Register of Waste Managers, maintaining records through the GPAIS system. Furthermore, they must hold the right to accept scrap metal under code 17 04 05.
Participants must pay a non-refundable 100,00 Eur registration fee plus a 5000,00 Eur security deposit before the auction begins. For the successful bidder, the security deposit serves as a performance guarantee for the contract. For other participants, the deposit will be returned within 5 business days after the auction concludes. The security deposit will not be refunded to a winning bidder who fails to sign the contract within 5 business days of receiving the invitation.
Payment for the asset must be completed within 3 business days following contract signing. Removal of the asset must occur within 20 calendar days from the date the contract is signed. The buyer is required to submit all necessary documentation, including registration in the State Register of Waste Managers and proof of tax payments.
❓ Frequently asked questions
What is the starting price for the insulated metal pipes at auction?
The initial starting price for the asset sale, excluding VAT, is 6160,00 Eur.
When does registration for the auction close?
Participant registration closes at 2025-10-10 23:59:59.
What is the minimum bidding increment at the auction?
The minimum price increment is 62,00 Eur.
What fees must potential participants pay?
Participants must pay a 100,00 Eur registration fee (non-refundable) and a 5000,00 Eur security deposit.
Can all persons participate in this auction?
No, only legal entities that meet the requirements for waste manager registration and state tax compliance are allowed to participate.
How much time is allowed for asset removal after signing the contract?
The term for asset removal is 20 (twenty) calendar days from the date of contract signing.