Sale of a non performing loan secured with a first rank mortgage on an apartment in Milano
Invitation to submit an expression of interest (“EOI”)
HETA ASSET RESOLUTION AG Austria (“HETA”), a company owned by the Republic of Austria (“HETA”) intends to sell a non performing loan with a gross exposure of approximately EUR 2,9 mn of a particular debtor, which has been deleted from the company register. HETA is inviting interested parties to submit an Expression of Interest.
The loan is secured with a first rank mortgage on a real estate property, apartment in Milano/ Italy. Apartment is situated in an attractive location, (old town, close to Cathedral).
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:
- 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 and/or names of hired consultants.
- Rationale for the Transaction.
- Confirmation that the Interested Party is acting as principal for its own account or. Expressions of Interest on behalf of third parties (including agents and consultants) will be taken into consideration only if adequate proof of the power of representation of such third party is delivered in writing.
Interested Parties are required to submit their written Expressions of Interest in English or in German titled “Expression of Interest for the Participation in the Transaction regarding the Non-Performing Claim and deliver final offer until April 13, 2018, electronically per e-mail to (followed by a hard copy of the Expression of Interest promptly thereafter):
HETA ASSET RESOLUTION
Attn. Mr. Gert Achatschitsch
After the 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 HETA claim 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 or change, at any time.
HETA reserves the right to request additional information from those who expressed interest in the Transaction as well as the right to exclude any individual investor from the further sales process without the obligation to provide any particular explanation.
Legal Notices: Neither this notice nor the release of any confidential 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 respective 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 their respective Related Parties expressly state that no representation or warranty is made by this invitation and expressly disclaim any and all liability for representations, warranties deemed to be made or statements contained in this invitation to any prospective purchaser.
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