Invitation to submit an expression of interest (EOI) for hospitality portfolio situated in Mariborsko Pohorje

Družba za upravljanje terjatev bank, d.d. (“DUTB” or the “Vendor”) is an asset management company established by the Republic of Slovenia to manage repossessed assets of Slovenian banks transferred to its balance sheet and is the sole shareholder of a hotel and hospitality Real Estate Portfolio in Mariborsko Pohorje, Slovenia (“Project Pohorje”) and invites you to

Submit your Expression of Interest (“EOI”) thereof.

PwC as DUTB`s sole financial advisors supports DUTB to divest all assets of the Real Estate Portfolio, in an open, transparent, unconditional and non-discriminatory sales process.

Although it is the Vendor's clear preference to divest all shares in the SPV via a share deal (DUP Pohorje d.o.o.), it will consider your preference of selected assets which will be transferred into the SPV. 

The Real Estate Portfolio situated in Mariborsko Pohorje consist of:

  • 4-star Hotel Arena (39 rooms & Wellness amenities) & the 3-star Arena Annex (older part of Hotel Arena 4-star, 20 rooms) connected to the 4-Star Hotel Arena benefiting from its facilities & plot of land 14.400 m² surrounding Hotel Arena
  • 4-star Wellness Hotel Bolfenk & Apartments (20 rooms & 12 apartments)
  • 3-star Hotel Videc & Apartments (28 hotel rooms & 11 apartments) & additional plot of land (18,672 m²)
  • Residential building “Pohorske Terase” (30 apartments)
  • Additional landbank of 35,338 m² near Hotel Arena 3- Star and 4Star – zoning for this area permits a use for traffic areas, sport/recreation areas, water parks, sports restaurants or ice skating rinks

Bidders interested in the tender are kindly asked to express their interest per e-mail by 17th May 2017, 9 a.m. (CET). Electronical copies suffice.

The EOI should include at least following information - Identification of the Interested Parties or consortium, intention to acquire 100% of the shares in the SPV (DUTB will consider your preference of selected assets which will be transferred into the SPV), envisaged funding of the Purchase Price, your envisaged timeframe (DUTB’s goal is to close the transaction until the end of Q2 2017).

Following the receipt of your EOI and the signed Non-disclosure Agreement, the Vendor shall consider its position and may decide to invite you to the next step of the Process. Indicatively, the Binding Offers will have to be submitted by 17th Ma 2017, 12:00 (CET). Site Visits shall be held in the period between 10th and 14th March 2017.

The signed EOI (electronic copy suffices) has to be sent to:

Diana Arjoca: Diana.arjoca@at.pwc.com

with copy to Dominika Denifl: project.pohorje@at.pwc.com

Any questions can be addressed to Dominika Denifl.

 

Legal Notice:
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 DUTB, PwC 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.

PwC is acting exclusively for DUTB and no one else in connection with the Transaction and PwC will not be responsible to anyone other than DUTB for providing the protections afforded to its clients for providing advice in relation to the Transaction or in relation to the contents of this invitation.

DUTB and PwC, 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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