Invitation for expression of interest to act as a financial advisor to hradf in relation to the right in τηε underground natural gas storage facilities in South Kavala (UGS)

Τίτλος

Invitation for expression of interest to act as a financial advisor to hradf in relation to the right in τηε underground natural gas storage facilities in South Kavala (UGS)

Σύντομη περιγραφή

HRADF is seeking to appoint a leading investment bank (”Advisor”) to advise HRADF (a) in assessing alternative development and exploitation options for the development and exploitation of the country’s first Underground Gas Storage (“UGS”) facility in the depleted offshore natural gas field of South Kavala which lies approximately 30 km south from the city of Kavala in Northern Greece (the “Project”) and (b) in structuring and implementing the respective transaction (“Transaction”).

Περιγραφή της προμήθειας

The assignment will include the following:
(a) During the Preparatory Period (inter alia):
Review any relevant available data, including, all existing historical financial, strategic and operational work done to date relating to the UGS;
— Identify any issues that may affect the process and the Transaction and recommend where appropriate any preparatory action towards the maturing of the Project,
— Assist HRADF in any communication with third parties (i.e. Hellenic Republic, RAE, EU Institutions etc),
— Assess the strategic, business and financial options available to the HRADF in connection with its privatisation objectives. Determine and structure the best available privatisation option for the HRADF that will maximize value and attract potential investors,
— Identify the universe of potential investors, explore and evaluate potential interest,
— Design, prepare and coordinate, together with HRADF’s other professional advisors, all necessary procedures required for the implementation of the tender and the Transaction,
— In conjunction with HRADF’s other advisors, submit a recommendation to the HRADF in respect to the Transaction, which will include, among other things, a set of options and the Advisors’ recommendation from a strategic, business, financial and operational point of view,
(b) During the Implementation Phase (inter alia):
Assist, in co-operation with any other professional advisors, in the co-ordination of the Transaction process from initial preparation to the final negotiation and consummation of the Transaction, which may include, but is not limited to, the following:
— Advise and where appropriate assist the HRADF to develop the appropriate sell story, identify any key potential investor requirements, attract proposals, offers or bids from potential investors, assess any such proposals, offers or bids and advise the HRADF on their relative merits,
— Work with the HRADF’s other professional advisors to prepare any and all customary documentation and organize all relevant procedures required for the Transaction (including but not limited to, Invitation for the Expression of investor Interest, Request for investor Proposals, draft transaction documents, confidentiality agreements, and any other document(s) required for the Transaction, etc.),
— Assist and advise the HRADF in relation to the closing of the Transaction and the fulfillment of any conditions thereof.

Περιγραφή των ανανεώσεων

An extension of the duration of the engagement may be agreed upon if such is deemed necessary for the completion of the Transaction subject to the Procurement Regulation of HRADF (Decision Nº 2/16128/0025 of the Minister of Finance - Government Gazette B’/476/2014)