Public Invitation for expression of interest for purchasing business interests in the company CLUB ADRIATIC d.o.o., Zagreb owned by the Republic of Croatia through process of public tenders

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Public Invitation
Interested investors are invited to submit Letters of Intent to purchase 3 business interests of the company CLUB ADRIATIC d.o.o., Zagreb (hereinafter: Company), owned by the Republic of Croatia, with an overall nominal value of HRK 120,947,400.00, comprising 100.00% of the share capital of the Company. Since October 10, 2014., Company is in pre-bankruptcy procedure which is currently at a standstill because of administrative disputes.

THE REPUBLIC OF CROATIA

RESTRUCTURING AND SALE CENTER

Ivana Lučića 6, 10000 Zagreb

In accordance with the Act on Managing and Disposal of Asset owned by the Republic of Croatia (Official Gazette 94/13, 18/16), relevant Regulation (Official Gazette 129/13, 66/14) and the Decision of the Management Board of the Restructuring and Sale Centre dated November 09, 2016, Ref. No. 024-04/16-04/17, 360-01/08-2016-2, the process of selling business interests of the following Company starts, and hereby it is announced:

 Public Invitation for expression of interest for purchasing business interests in the company CLUB ADRIATIC d.o.o., Zagreb owned by the Republic of Croatia through process of public tenders

Interested investors are invited to submit Letters of Intent to purchase 3 business interests of the company CLUB ADRIATIC d.o.o., Zagreb (hereinafter: Company), owned by the Republic of Croatia, with an overall nominal value of HRK 120,947,400.00, comprising 100.00% of the share capital of the Company. Since October 10, 2014., Company is in pre-bankruptcy procedure which is currently at a standstill because of administrative disputes.

 The deadline for submission the Letters of Intent is December 01, 2016 until 3 p.m.  

The date for submission of a Letter of Intent is the day of receipt the Letter by the Restructuring and Sale Centre (hereinafter: RSC). Letters of Intent submitted after the previously mentioned deadline are not valid and will not be taken into consideration.   A potential bidder in a Letter of Intent should provide contact information (name of contact person, address, telephone number, fax number, e-mail address). The Letter of Intent must be submitted in Croatian language i.e. the original have to be translated into Croatian language by the certified court interpreter, if it is submitted by a foreign investor.   After the RSC collects the Letters of Intent for purchase business interests of the above mentioned company and the decision on the initial price, terms and implementation process of collecting binding bids have been made, only those investors, who have submitted the Letter of Intent to RSC within the deadline, will be in writing invited to submit binding bids for the purchase business interests of the above mentioned company. 

  Letter of Intent marked as "LETTER OF INTENT FOR EXPRESSION OF INTEREST FOR PURCHASE OF BUSINESS INTERESTS IN THE COMPANY CLUB ADRIATIC d.o.o., Zagreb" has to be submitted to the following address:

 Restructuring and Sale Centre 

Ivana Lučića 6 

10 000 Zagreb

The Republic of Croatia