THE
REPUBLIC OF CROATIA
THE
CROATIAN PRIVATIZATION FUND
Ivana
Lucica 6, 10000 Zagreb, Croatia
In
accordance with the Privatization Law (Public Gazette 21/96) and the Decision of
the Management Board of the Croatian Privatization Fund (hereinafter: Fund);
Ref.No.024-04/02-03/4 and 563-01/00-2002-20 dated May 7, 2002 the Fund announces
the
Public
Invitation to bid for the purchase of shares in
HOTEL
SPLIT, Split
a
joint-stock company engaged in the hotel, tourism and restaurant business
The
shares are from the portfolio of the State Agency for Deposit Insurance and Bank
Rehabilitation.
Number
of Shares for Sale:
21,962
Percentage of Equity
Capital:
60.46 %
Initial Price of the Bid: 24,839,022.00 HRK
Company
Registration: MBS
060050702, with Commercial Court in Split
Number of Employees: 144
In addition to the purchase price offered for the shares, the CPF will highly value the willingness of the bidder to provide the following:
·
A plan for
retention of the current number of employees for at least one year from the date
of the sales contract and transfer of shares as well as a presentation of a
redundancy settlement program for the eventual surplus of employees in
accordance with the Republic of Croatia’s regulations;
·
A
plan to create new positions at the Company;
·
A
detailed "Investment Program" including an implementation schedule;
·
A
5 (five) year "Business Plan";
·
Commitment
not to sell or mortgage the Company’s real estate without prior agreement with
the seller for one year from the date of the sales contract and transfer of
shares;
·
Adequate
guarantees for fulfillment of assumed commitments.
Period for Purchase of Tender documentation:
from June 25, 2002 to September 2, 2002
Deadline for Submission of Bids:
September 4, 2002 by 14:00 Hours
The
bidding and selection process is being implemented in compliance with
regulations set forth in the Tender
documentation. Bids received from bidders who did not purchase the Tender
documentation at least 48 hours prior to the "deadline for submission of
bids" will not be considered. Non-compliant bids or bids not delivered in
accordance with regulations stated in the Tender documentation will be
rejected. The Tender documentation also contains the Company Profile for Hotel
Split d.d.
The
cost of the Tender documentation is HRK
7,500.00 payable to the Croatian Privatization Fund’s account at
Privredna banka Zagreb d.d., No. 2340009-1105010031.
Bidders must reference No. 2198 and the Company name for which the
tender documentation is being purchased with their payment. Upon presentation
of evidence of payment, bidders may collect the Tender documentation at the
CPF at Ivana Lucica 6, Zagreb; Phone: +385 (0)1 4596 339 during business days
from 9 to 12 a.m. up to 48 hours
prior to the deadline for submission of bids.
Upon purchase of the Tender documentation and previously submitted request, bidders are entitled to conduct "due diligence" on the Company.
Bidders
must enclose the tender guarantee in the amount equivalent to 2 % of the
initial price. Bids received without the tender guarantee shall not be
considered.