Financial and insurance services

Tender description

Invitation to submit an Expression of Interest — Heta Asset Resolution AG (‘HETA’) a company owned by the Republic of Austria and HETA d.o.o. Sarajevo (‘HETA BIH’) intend to sell receivables towards Group of Borrowers (2 companies) with a gross exposure of 8 992 402,23 EUR as of 30.9.2016 (the ‘Object of Sale’) in an open, transparent, unconditional and non-discriminatory sales process (the ‘Transaction’). The borrower is located in Bosnia and Herzegovina. The receivables, among other, are secured by a mortgage on production plant, business premises and stone pit, as well as pledge on production equipment and vehicle, in Una Sana Canton, Federation of BiH. The Transaction shall be conducted via an Assignment of the receivables. Expression of Interest (‘EOI’) to participate in the Transaction submitted by Interested Parties shall at least contain the following: a. Name, address and short description of the Interested Party (or of each consortium member in case of a consortium), including its ultimate beneficial ownership, and contact details of the person(s) who can be contacted in case of queries. b. Rationale for the Transaction. c. Confirmation that the Interested Party is acting as principal for its own account or, in case of agents or brokers submitting an EOI on behalf of an Interested Party, submission of written and adequate proof of the power of representation of such agent or broker. Interested Parties are required to submit their written EOI in English language and signed by or on behalf of the Interested Party by 25.11.2016, 12:00 noon (CET) via e-mail stated below and followed by hard copy form. After receipt and evaluation of the written EOI, Interested Parties, may be invited to take part in the further sales process and receive further information regarding the Object of Sale and the Transaction, subject to the execution of a Non-Disclosure Agreement provided by HETA/HETA BIH. HETA and HETA BIH reserve the right to extend the deadline for submission of EOI or to modify other deadlines in the sale process and/or to fully suspend the sale process or adapt the Transaction structure at any time and without being obliged to state the reasons therefore, provided that all actions are in line with the principles of an open, transparent, unconditional and non-discriminatory sale process. Furthermore, HETA and HETA BIH reserve the right to request additional information from those who expressed interest in the Transaction. In such a case, as in all other circumstances, no Interested Party will have any claim for any damages or compensation for loss, costs or other expenditure incurred by it in connection with the Transaction. For further clarification or enquiries, please contact us via e-mail: exitmanagement4@heta-asset-resolution.com; EOI letters in hard copy should be delivered to address: Heta Asset Resolution AG; Exit Management 4; Alpen-Adria-Platz 1, 9020 Klagenfurt am Wörthersee, Austria.