State Agency for Deposit Insurance and Bank Resolution, having its registered seat in Zagreb (Republic of Croatia), Jurišićeva 1, PIN: 94819327944 (“Seller”), as a sole owner of shares of Croatia Banka d.d., having its registered seat in Zagreb (Republic of Croatia), Roberta Frangeša Mihanovića 9, PIN: 32247795989 (“Bank“), on 6 July 2020, hereby announces the following:
Invitation for Expression of Interest for the Purchase of 100% Shares of Croatia banka d.d. (“Invitation”)
Interested investors are hereby invited to express their interest for the purchase of 4,746,000 Series A Shares, each having nominal value of HRK 100.00 (“Shares”), which represents 100% of the Bank’s share capital (“Planned Transaction”). The Summary of Information related to the Planned Transaction and the Summary of Information related to the Bank, available on the respective websites of the Seller (www.dab.hr/en/news) and the Bank (www.croatiabanka.hr/prodaja), constitute an integral part of the Invitation.
Mandatory requirements
An interested investor is to be a domestic or foreign legal entity. The expression of interest is to include the following: (a) basic information on the interested investor, including a description of business activities, (b) information on the financial capacity of the interested investor, (c) proof of legal capacity of the interested investor (court registry excerpt or any other corresponding document), (d) contact data (registered seat address, telephone number, e-mail), (e) information on the beneficial owner of the interested seller (“Expression of Interest”). Upon the Seller’s request, an interested investor shall provide additional information and/or necessary documentation. Expression of Interest is to be signed by the authorised representative of an interested investor, i.e. by a person to whom that right has been transferred through the power of attorney. The Expression of Interest is to be submitted in Croatian or in English.
Preferable requirements
Preferable candidate is a qualified investor within the meaning of Article 2 (e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017. Interested investors are hereby invited to present the background of the intention to acquire the Shares, as well as information on sources of financing of the Planned Transaction.
Deadline and address for the submission of the Expression of Interest
The Expression of Interest is to be submitted by 24 July 2020 at 12:00 (CET) at the latest, in person or by registered post or by e-mail. Time of delivery of the Expression of Interest is considered to be the moment of receipt of the Expression of Interest at the Seller’s registered seat, or in the case of sending the Expression of Interest by e-mail, the moment in which the e-mail enters the Seller’s information system. The Expressions of Interest delivered past the due date will not be taken into consideration. The Expression of Interest, containing the indication
“Expression of Interest for Purchase of 100% Shares of Croatia banka d.d. – do not open”, is to be delivered to the address:
State Agency for Deposit Insurance and Bank Resolution
Attn: Committee for Croatia banka d.d.
Jurišićeva 1/II
10000 Zagreb, Republic of Croatia
E-mail: povjerenstvo.croba@dab.hr
Other information and specific remarks
Based on the received Expressions of Interest, the Seller will make a shortlist of preferred investors who will be invited for due diligence of the Bank and the submission of binding offers.
Release of the Invitation or the receipt of any of the Expressions of Interest shall not constitute an obligation of the Seller to sell the Shares, nor shall it constitute the basis for any right or request of the interested investor to/for fulfilment on any basis. The Invitation does not constitute an offer for the purchase of Shares and/or assets of the Bank, but its sole purpose is to determine the existence of interest for the purchase of Shares.
All interested investors are invited to submit their Expression of Interest by email to the following address: povjerenstvo.croba@dab.hr