Contract notice: Financial and insurance services Tender, Austria - 24701248

Procurement Summary

Country : Austria

Summary : Contract notice: Financial and insurance services

Deadline : 31 Jul 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 24701248

Document Ref. No. : 287817-2018

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : HETA ASSET RESOLUTION AG
Office Name: Heta Asset Resolution AG
Address: Alpen-Adria-Platz 1
Town: Klagenfurt am Wörthersee
Postal Code: 9020
Contact Point: Written Expressions of Interest in English, titled “Expression of Interest for the Participation in the Transaction — “Project Endeavor”, to be submitted by 1:00 pm CET on 31.7.2018 electronically per email to (followed by a hard copy of the Expression of Interest promptly thereafter).
Austria
Email :helmut.gruber@heta-asset-resolution.com
URL :www.heta-asset-resolution.com

Tender Details

Object of the contract
Financial and insurance services

Description: Contract notice: Financial and insurance services

Authority Type: Other
Contact Nature: Services
Procedure: Competitive procedure with negotiation
Document: Contract notice
Regulation: European Union
Award criteria: The most economic tender
CPV code: 66000000, 66000000
CPV Description: Financial and insurance services.

Project Endeavor — Sale of claims arising from a sub-participation (26, 9%) in a Non-Performing Loan (NPL), granted by an Austrian bank towards 2 Croatian companies ("Borrowers")

Reference Number : Project Endeavor - Sale of Sub-participation

Heta Asset Resolution AG ("HETA"), having its seat at the address Alpen-Adria-Platz 1, 9020 Klagenfurt am Woerthersee, Austria, a company owned by the Republic of Austria, intends to sell claims arising from a sub-participation (26, 9%) in a Non-Performing Loan (NPL), granted by an Austrian bank towards 2 Croatian companies ("Borrowers"), with a total outstanding amount (regarding HETA's sub-participation) of approximately 12 400 000 EUR (the sale of the sub-participation in the NPL hereinafter referred to as the "Transaction"). The main security instruments for the NPL are 1 ranking mortgages over 4 real estates (hypermarkets) located in 3 Croatian cities with a total rentable area of approximately 28 700m (the "Mortgaged Real Estates"). The NPL is also secured by other standard collaterals i.e. share pledges, assignment of rental income, promissory notes and bills of exchange. The Transaction will be conducted in an open, transparent and non-discriminatory manner.

Main Site : Austria.

Expressions of interest to participate in the Transaction (each an "Expression of Interest") submitted by interested parties (individual entities / persons or consortia) (each an "Interested Party") should 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 owner, 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 Expression of Interest on behalf of an Interested Party, submission of written and adequate proof of the power of representation of such agent or broker;

d) interested Parties are required to submit their written Expressions of Interest in English, titled "Expression of Interest for the Participation in the Transaction — "Project Endeavor", by 1:00 pm CET on 31.7.2018 electronically per email to (followed by a hard copy of the Expression of Interest promptly thereafter): Heta Asset Resolution AG, Alpen-Adria-Platz 1, 9020 Klagenfurt am Woerthersee, Austria, Email: helmut.gruber@heta-asset-resolution.com — peter.burgstaller@heta-asset-resolution.com

After receipt and evaluation of the Expressions of Interest, Interested Parties may be invited to take part in the further sales process and receive further information regarding the sub-participation in the NPL and the Transaction, subject to the execution of a non-disclosure agreement provided by HETA. HETA reserves the right to extend the above stated deadline for the submission of Expressions of Interest, amend the time limits or other terms of the Transaction, discontinue or amend the Transaction as a whole or in part, or modify the Transaction structure at any time, provided that HETA will at all times act in a way consistent with the principles of an open, transparent and non-discriminatory bidding process. For further clarification or enquiries, Interested Parties may contact the contact person at HETA stated above.

Legal Notices: Neither this Notice nor the release of any information to an Interested Party constitutes, or may be used for, any offer to sell or a solicitation of an offer to subscribe for or purchase any securities by any person in any jurisdiction or under any circumstance where it is unlawful to make such an offer or solicitation. The distribution of this invitation in certain jurisdictions may be restricted by law, and recipients should inform themselves about, and observe any applicable legal or regulatory requirements in relation to, the distribution or possession of this invitation. Neither HETA nor any of their affiliates, directors, officers, employees, advisers or agents ("Related Parties") accept any liability to any person in relation to the distribution or possession of this invitation in any jurisdiction. By submitting an Expression of Interest an Interested Party confirms that it is a person able to receive the information provided to it (or which may be provided to it in any subsequent phase) without contravention of any unfulfilled registration requirements or other applicable legal or regulatory restrictions in the jurisdictions in which it resides or conducts business. HETA and its Related Parties expressly state that no representation or warranty is made by this invitation and expressly disclaim any and all liability for representations or warranties deemed to be made or statements contained in this invitation to any prospective purchaser.

National identification number: [L-652446-872]


Internet address (URL): www.heta-asset-resolution.com
Directive: Classical Directive (2014/24/EU)

Documents

 Tender Notice