Invitation to submit an Expression of Interest
HETA ASSET RESOLUTION AG Austria (HETA AG), having its seat at the address Alpen Adria Platz 1, 9020 Klagenfurt, intends to sell non performing debt receivables (“Receivables”) of a certain borrower with a total exposure of EUR 4.135.964,15 as of April 12, 2019 (the "Transaction").
The receivables are secured with standard collaterals i.e. a personal guarantee (all private assets).
The Transaction will be conducted in an open, transparent and non-discriminatory manner.
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:
1. 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.
2. Rationale for the Transaction.
3. 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.
Interested Parties are required to submit their written Expressions of Interest in English titled “Expression of Interest for the Participation in the Transaction regarding the Receivables” until May 28, 2019, electronically per e-mail to (followed by a hard copy of the expression of Interest promptly thereafter):
HETA Asset Resolution AG
Alpen Adria Platz 1
9020 Klagenfurt am Wörthersee
Attn. Mr. Florian Grojer
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 Receivables and the Transaction, subject to the execution of a non-disclosure agreement provided by HETA AG.
HETA AG 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, provided that HETA AG will at all times act in a way consistent with the principles of an open, transparent and non-discriminatory bidding process.
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 AG 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 AG 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.
|Sales phase:||Sale Pending|
|Due Diligence ends:|
|Collecting Offers ends:|