Request of Proposals for a Fairness Adviser to the Hellenic Republic Asset Development Fund (‘HRADF’) in Relation the Concession of Egnatia Motorway and 3 Vertical Axis
According to Article 6.2 of Law 3986/2011, as currently in force, an independent valuation of an asset must be concluded and made available to the Board of Directors of HRADF, prior to its privatisation. In addition to this and for the purposes of the tender process and the transaction, the Fund has decided to engage a bank providing investment banking services (the ‘Fairness Adviser’) to carry out and deliver a fairness opinion on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the Transaction, including any potential update thereof, as the Fund may request, at different points in time (hereinafter the ‘Fairness Opinion’).
Προθεσμία
Η προθεσμία παραλαβής των προσφορών ήταν 2020-03-13.
Η προμήθεια δημοσιεύθηκε στις 2020-01-30.
Προκήρυξη σύμβασης (2020-01-30) Αντικείμενο Πεδίο εφαρμογής της προμήθειας
Τίτλος: Επενδυτικές τραπεζικές και συναφείς υπηρεσίες
Σύντομη περιγραφή:
According to Article 6.2 of Law 3986/2011, as currently in force, an independent valuation of an asset must be concluded and made available to the Board of Directors of HRADF, prior to its privatisation. In addition to this and for the purposes of the tender process and the transaction, the Fund has decided to engage a bank providing investment banking services (the ‘Fairness Adviser’) to carry out and deliver a fairness opinion on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the Transaction, including any potential update thereof, as the Fund may request, at different points in time (hereinafter the ‘Fairness Opinion’).
According to Article 6.2 of Law 3986/2011, as currently in force, an independent valuation of an asset must be concluded and made available to the Board of Directors of HRADF, prior to its privatisation. In addition to this and for the purposes of the tender process and the transaction, the Fund has decided to engage a bank providing investment banking services (the ‘Fairness Adviser’) to carry out and deliver a fairness opinion on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the Transaction, including any potential update thereof, as the Fund may request, at different points in time (hereinafter the ‘Fairness Opinion’).
Μεταδεδομένα προκήρυξης
Πρωτότυπη γλώσσα: Αγγλικά 🗣️
Τύπος εγγράφου: Προκήρυξη σύμβασης
Φύση της σύμβασης: Υπηρεσίες
Κανονισμός: Ευρωπαϊκή Ένωση
Κοινό λεξιλόγιο για δημόσιες συμβάσεις (CPV)
Κωδικός: Επενδυτικές τραπεζικές και συναφείς υπηρεσίες📦 Τόπος εκτέλεσης
Περιφέρεια NUTS: Ελλάδα
🏙️
Διαδικασία
Τύπος διαδικασίας: Ανοικτή διαδικασία
Τύπος προσφοράς: Υποβολή για όλα τα τμήματα
Κριτήρια απονομής
Η πλέον συμφέρουσα οικονομικώς προσφορά
Αναθέτουσα αρχή Ταυτότητα
Χώρα: Ελλάδα 🇬🇷
Τύπος αναθέτουσας αρχής: Άλλη
Όνομα αναθέτουσας αρχής: Hellenic Republic Asset Development Fund S.A.
Ταχυδρομική διεύθυνση: 1, Kolokotroni Street and Stadiou
Ταχυδρομικός κώδικας: 105 62
Ταχυδρομική πόλη: Athens
Επικοινωνία
Διεύθυνση διαδικτύου: http://www.hradf.com🌏
E-mail: info@hraf.gr📧
Τηλέφωνο: +30 2103274400📞
Φαξ: +30 2103274449 📠
URL εγγράφων: http://www.hradf.gr🌏
The maximum duration of the engagement should be up to 3 months upon instructions of HRADF.
The available budget includes any and all required expenses to complete the assignment. The kind of expenses and their settlement shall have to comply with the Project Expense Policy of HRADF.
The maximum duration of the engagement should be up to 3 months upon instructions of HRADF.
The available budget includes any and all required expenses to complete the assignment. The kind of expenses and their settlement shall have to comply with the Project Expense Policy of HRADF.
Αντικείμενο Πεδίο εφαρμογής της προμήθειας
Σύντομη περιγραφή:
HRADF was transferred the right (the ‘Right’) to operate, maintain and exploit the Egnatia Motorway and roadside sites thereto, as well as all property, tangible and intangible, rights related to the Egnatia Motorway, together with 3 vertical axis,
(i) Siatista -Ieropigi/Kristallopigi leading to Albania;
(ii) Thessaloniki –Serres -Promachonas leading to Bulgaria; and
(iii) the Thessaloniki -Evzoni transversal part of Patra –Athens –Thessaloniki Evzoni motorway axis leading to North Macedonia (all together referred to as ‘Egnatia’ or the ‘Motorway’).
Τhe Fund is conducting an international public tender in 2 phases (the ‘Tender Process’) for the award of a service concession agreement of the right to use, operate, manage and exploit the Motorway (the ‘Transaction’).
Phase a of the tender process (pre-qualification of interested parties) was concluded on 16.5.2018. Phase B of the tender process (submission of binding offers) commenced in 15.6.2018 with the release of the first draft of the concession agreement (The ‘Draft Concession Agreement’) to the pre-qualified parties for their comments. For the purposes of the tender process and the transaction, as well as the valuation of the binding offers that will be submitted, the provision services of an independent valuer to the Fund is required, as per the provisions of Law 3986/2011.
Phase a of the tender process (pre-qualification of interested parties) was concluded on 16.5.2018. Phase B of the tender process (submission of binding offers) commenced in 15.6.2018 with the release of the first draft of the concession agreement (The ‘Draft Concession Agreement’) to the pre-qualified parties for their comments. For the purposes of the tender process and the transaction, as well as the valuation of the binding offers that will be submitted, the provision services of an independent valuer to the Fund is required, as per the provisions of Law 3986/2011.
According to Article 6.2 of Law 3986/2011, as currently in force, an independent valuation of an asset must be concluded and made available to the board of directors of HRADF, prior to its privatisation. In addition to this and for the purposes of the tender process and the transaction, the Fund has decided to engage a bank providing investment banking services (the ‘Fairness Adviser’) to carry out and deliver a fairness opinion on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the transaction, including any potential update thereof, as the Fund may request, at different points in time (hereinafter the ‘Fairness Opinion’).
According to Article 6.2 of Law 3986/2011, as currently in force, an independent valuation of an asset must be concluded and made available to the board of directors of HRADF, prior to its privatisation. In addition to this and for the purposes of the tender process and the transaction, the Fund has decided to engage a bank providing investment banking services (the ‘Fairness Adviser’) to carry out and deliver a fairness opinion on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the transaction, including any potential update thereof, as the Fund may request, at different points in time (hereinafter the ‘Fairness Opinion’).
The fairness adviser would be required to render the fairness opinion to the Fund.
The fairness opinion should include an executive summary, as well as a comprehensive review and analysis of the methodologies, assumptions, considerations and supporting documentation considered by the fairness adviser for the preparation of the fairness opinion.
The fairness opinion should include an executive summary, as well as a comprehensive review and analysis of the methodologies, assumptions, considerations and supporting documentation considered by the fairness adviser for the preparation of the fairness opinion.
The fairness opinion and the supporting documentation, including an executive summary, should be prepared in English.
The fairness adviser may be requested to liaise with HRADF’s advisers in the context of producing the fairness opinion.
HRADF will make available to the fairness adviser all material available to bidders in the virtual data room of the transaction.
The fairness opinion and all the relevant supporting documentation should, indicatively, include:
— description of the project from a financial and business perspective,
— analysis of the fairness principles, methodologies, assumptions and considerations applied, including relevant inputs and calculations,
— opine on the fairness, from a financial point of view, of the financial consideration to be paid to the Fund in connection with the transaction.
The fairness adviser will present the fairness opinion, including the fairness principles, methodologies, assumptions and considerations applied in its preparation, to the Board of Directors and Council of Experts of the Fund.
Διάρκεια: 3 μήνες
Περιγραφή των ανανεώσεων:
An extension of the duration of the engagement may be agreed upon if such is deemed necessary for the Transaction, subject to the Procurement Regulation of HRADF (Decision No 2/16128/0025 of the Minister of Finance — Government Gazette B’/476/2014)
Πρόσθετες πληροφορίες:
The maximum duration of the engagement should be up to 3 months upon instructions of HRADF.
The available budget includes any and all required expenses to complete the assignment. The kind of expenses and their settlement shall have to comply with the Project Expense Policy of HRADF.
Διαδικασία
Νομική βάση: 32014L0024
Ώρα παραλαβής προσφορών: 17:00
Γλώσσες στις οποίες μπορούν να υποβληθούν οι προσφορές ή οι αιτήσεις συμμετοχής: Ελληνικά 🗣️
Αγγλικά 🗣️
Ημερομηνία αποσφράγισης προσφορών: 2020-03-17 📅
Ώρα αποσφράγισης προσφορών: 12:00
Αναθέτουσα αρχή Ταυτότητα
Άλλος τύπος αναθέτουσας αρχής: ‘Societe Anonyme’ with sole shareholder the Hellenic Corporation of Assets and Participations S.A. (HCAP) which has as sole shareholder the Hellenic Republic
Επικοινωνία
Πρόσωπο επικοινωνίας: Yiannis Zapantis
Διεύθυνση του προφίλ αγοραστή: www.hradf.com🌏
URL εγγράφων: www.hradf.gr🌏
URL εγγράφων: www.hradf.gr🌏
Συμπληρωματικές πληροφορίες Σώμα αναθεώρησης
Όνομα: Hellenic Republic Asset Development Fund S.A. — BoD
Ταχυδρομική διεύθυνση: 1 Kolokotroni and Stadiou Str.
Ταχυδρομική πόλη: Athens
Ταχυδρομικός κώδικας: 10562
Χώρα: Ελλάδα 🇬🇷
Τηλέφωνο: +30 2103274400📞
E-mail: info@hraf.gr📧
Φαξ: +30 2103274448 📠
Διεύθυνση διαδικτύου: www.hradf.com🌏
Πηγή: OJS 2020/S 023-051351 (2020-01-30)