Erste Abwicklungsanstalt
Sale of EAA Covered Bond Bank Plc–Notice for Expressions of Interest
DGAP-News: Erste Abwicklungsanstalt / Key word(s): Disposal Sale of EAA Covered Bond Bank Plc EAA Covered Bond Bank Plc (“EAACBB”) is a specialised Irish bank focusing on the issue of Irish Asset Covered Securities (“ACS”), and is a 100% owned subsidiary of Erste Abwicklungsanstalt (“EAA”). EAACBB is authorised and regulated by the Central Bank of Ireland and the European Central Bank. EAA seeks to dispose of all of its interests in EAACBB, by way of a disposal of all of the shares in EAACBB (the “Proposed Transaction”). EAACBB’s assets consist principally of Public Sector Assets (valued at c. EUR2bn as at 31 December 2015), both listed and unlisted. EAACBB refinances its assets through its Asset Covered Securities issuance platform and other funding instruments. KPMG (“KPMG”) has been exclusively mandated as corporate finance adviser to advise EAA on the Proposed Transaction. Any interested party wishing to submit an indication of interest must register their interest with KPMG via the contact information stated below. EAA reserves the right to restrict the number of parties invited to participate in the sale process. In doing so, EAA will assess the expressions of interest based on whether the interested party (1) is able to ensure secure financing for the Proposed Transaction, (2) confirms that it is seriously interested and capable to conclude the Proposed Transaction by Q3 2016 and (3) is reasonably capable of receiving all approvals as may be required by the relevant competition, regulatory and other authorities required for the Proposed Transaction. Interested parties are requested to include, with their indication of interest, confirmation that they can satisfy these criteria and the basis on which they believe they can satisfy criteria (1) and (3). Following the registration of interest, interested parties who are invited to participate in the sale process will be required to sign a customary non-disclosure / confidentiality agreement. They will then be invited to take part in the further process and will receive further information regarding EAACBB and the sale process (subject to the executed non-disclosure / confidentiality agreement). KPMG and EAA intend to make information regarding EAACBB available to those parties from and including 11th April 2016. EAA reserves the right to alter the timing of the process, to amend the terms of the process or to discontinue the sale process, provided that EAA will at all times act in a way consistent with the principles of an open, transparent and non-discriminatory bidding process. To register your interest please contact: This notice was prepared exclusively in order to inform potential bidders of the opportunity to indicate their interest in the Proposed Transaction. This call for expressions of interest is not subject to EU or national public procurement rules. No formal tender procedure may be claimed. Recourse to public procurement tribunals (Vergabekammern) may not be sought. The distribution of this notice 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 notice. Neither EAA, nor KPMG, nor their or their affiliates’ respective directors, officers or agents, accept any liability to any person in relation to the distribution or possession of this notice in any jurisdiction. This notice does not constitute an offer to sell or a solicitation of an offer to subscribe for or purchase any securities by any person in any jurisdiction. Contact: Marie-Luise Hoffmann Head of Public Relations Phone: +49 (211) 8267993 E-Mail: marieluise.hoffmann@aa1.de
2016-03-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Erste Abwicklungsanstalt | |
Elisabethstraße 65 | ||
40217 Düsseldorf | ||
Germany | ||
Phone: | 0211 826 7993 | |
Fax: | 0211 826 7883 | |
E-mail: | info@aa1.de | |
Internet: | www.aa1.de | |
ISIN: | DE000WLB27H2 | |
WKN: | WLB27H | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt | |
End of News | DGAP News Service |