Amendments of deadlines and terms of public invitation For participation in the Public Tender for the sale of 70% of socially owned capital in: Društveno preduzeće "Autotransport", Kraljevo

In accordance with Article 28 of the Law on Privatization ("Official Gazette of the Republic of Serbia” no. 38/2001, 18/2003 and 45/2005), and based on the authorization given in Clause 6 of the Public Invitation for participation in the Public Tender, published in "Politika” daily newspaper on 19 December 2005, the Privatization Agency (hereinafter: "the Agency”) on 4 February 2006, issues a notification for all interested tender participants on:



Tender Code: ATP12/05

1. Clause 4.A (a) of the Public Invitation is changed to read as follows:
   "a) it has either been engaged in transportation of passengers and/or goods in road traffic and/or production of busses for at least the last 3 years in continuity, and achieved operating revenues in excess of EUR 3.000.000 (Euro three million) in 2005;”
   
2. Clause 4.A (b) of the Public Invitation is changed to read as follows:
   "b) or is a financial investor (legal entity whose core activity is investment of money, which exists for at least the last 3 years, and includes investment companies, mutual funds, insurance companies, pension funds and investment banks) with total assets exceeding Euro 50,000,000 (Euro fifty million) in 2005;”
   
3. Clause 4.A (c) of the Public Invitation is changed to read as follows:
   "c) or is an investor that achieved operating revenues exceeding EUR 40.000.000 (Euro fourty million) in 2005.”
   
4. Clause 4.B of the Public Invitation is changed to read as follows:
   "B. If a potential bidder is a Consortium, it is necessary that it fulfills cumulatively the following requirements:
   - All Consortium members have made the decision on organizing and entering into the Consortium;
   - All Consortium members have signed a written Consortium Agreement and duly notarized it at Court or other relevant authority (in case of foreign legal entities and individuals);
   - Each member of the Consortium assumes an unlimited joint and several liability according to the provisions of the Consortium Agreement;
   - The Consortium Agreement specifies each member’s percentage in the acquisition of the capital of the Entity undergoing privatization;
   - All Consortium members have signed a notarized power of attorney for the representing member of the Consortium;
   - All Consortium members have signed the Confidentiality Agreement;
   - At least one of the Consortium members has purchased the Tender Documents;
   - At least one of the Consortium members fulfills one of the following requirements:
   
   (a) it has either been engaged in transportation of passengers and/or goods in road traffic and/or production of busses for at least the last 3 years in continuity, and achieved operating revenues in excess of EUR 3.000.000 (Euro three million) in 2005;
   (b) or is a financial investor (legal entity whose core activity is investment, which exists for at least the last 3 years, and includes investment companies, mutual funds, insurance companies, pension funds and investment banks) with total assets exceeding Euro 50,000,000 (Euro fifty million) in 2005;
   (c) or is an investor that achieved operating revenues exceeding EUR 40.000.000 (Euro fourty million) in 2005.”
   5. Clause 5, paragraph 1 of the Public Invitation is changed to read as follows:
   "The Agency hereby invites all interested parties to submit a written request for purchase of the Tender Documents for the Entity undergoing privatization, by March 10, 2006 at 5 pm Belgrade time.”
   
5. Clause 6, paragraph 1 of the Public Invitation is changed to read as follows:
   "The deadline for submission of the final binding offers for the acquisition of 70% of the socially owned capital of the Entity undergoing privatization by interested bidders is April 17, 2006 at 05:00 pm (Belgrade time). "
   
6. All other information regarding the Public Invitation shall remain unchanged. Integral version of amended Public Ivitation is available online at: www.priv.yu/vesti/pdf/tender_8150_jp_1.pdf
   
7. All questions relating to this Public Invitation should be directed to Consultan contact persons below:
   

Aleksandra Stefanovic
Phone: (+381 11) 3281 638, 2620 221
Fax: (+381 11) 26 23 542
E-mail: a.stefanovic@riag.co.yu

Raiffeisen Investment AG
Obilicev venac 27/2,
11000 Belgrade, Serbia&Montenegro


Mihailo Bugarski
Phone: (+381 11) 3281 638, 2620 221
Fax: (+381 11) 26 23 542
E-mail: m.bugarski@riag.co.yu

Raiffeisen Investment AG
Obilicev venac 27/2,
11000 Belgrade, Serbia&Montenegro download