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Agency of Montenegro for Economic Restructuring and Foreign Investment announces Public Invitation for the sale of shares of the HTP"BOKA"-AD Herceg Novi

Published on: May 10, 2005 10:34 PM Author: Naslovna strana
REPUBLIC OF MONTENEGRO
Agency of Montenegro for Economic
Restructuring and Foreign Investment

announces

Public Invitation for the sale of shares of the
HTP"BOKA" - AD Herceg Novi company (hereinafter "Company")

The Agency of Montenegro for Economic Restructuring and Foreign Investment herewith invites qualified international and domestic strategic investors to submit their bids for the purchase of:

15.046.899 shares or 57.2862 % of the share capital of the HTP"Boka"-AD Herceg Novi company , owned by the Republic Fund for pension and disability insurance (6.868.480 shares or 26.1495%),Employment Bureau (2.289.494 shares or 8.7165%) and Development Fund of the RoM (5.888.925 shares or 22.4202%) .

Companys information
Hotel touristic company Boka ad Herceg Novi
Registration number: 02008238
Address: Manastirska 8 Herceg Novi
Total number of shares: 26.267.207
Activities of the company: Hotels and motels, along with resaturant

Detailed information about the privatization process, along with tender documentation will be made available to all interested parties that have signed a Confidentality Agreement and purchased the Tender Documents ( Information memorandum, Instructions to Bidders along with bid evaluation criteria, and draft of the SPA), for five thousand Euros (EUR 5.000). As a prerequisite for submitting a Bid, payment of a deposit, or a bank guarantee, for the Privatization Council as a beneficiary in the amount of one hundred fifty thousand Euros (EUR 150.000), is required.

The deadline for submission of the final offers by the Bidders is August 1. 2005, at 15.00 (Podgorica time).

Interested parties are hereby invited to visit the offered capacities and all communications and inquires relating to this Tender Announcement should be directed to the Agency at the following address:

Agency of Montenegro for Economic Restructuring And Foreign Investment
Jovana Tomaševića bb,
81000 Podgorica
Tel: +381 81 242 640, 246 411
Fax: +381 81 245 756
e-mail: t.borozan@mn.yu
Contact persons: Branko Vujović, Director
Tanja Borozan, advisorDownload
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