CALL FOR SUBMISSION OF NON-BINDING OFFERS
TO TAKE OVER THE PROJECT SE BRAVAR (48 MWp)
BY ACQUISITION OF 100% SHARES OF THE SPV COMPANY SE BRAVAR d.o.o.
Project basic data are shown below:
- Location: Municipality Jasenice, Zadar County, Croatia
- Nominal power: 48 MWp
- Status: Energy Approval awarded
To get access to the virtual data room (hereinafter: VDR) and to get the status of an active participant in Q&A process, each bidder (hereinafter: Bidder) is obliged to pay 2.500 EUR participation fee plus 25% VAT (hereinafter: Participation Fee) to the following bank account:
Beneficiary: Suncana elektrana Bravar d.o.o.
Address: Strojarska cesta 10, Zagreb
IBAN: HR04 2402 0061 1009 7566 1
Bank: Erste Steiermarkische Bank d.d.
Payment confirmation should be sent in the attachment of an e-mail, with requested read confirmation, to the following SEB contact e-mail address (hereinafter: Contact Address):
info@se-bravar.hr
with the following Bidders data in the accompanying e-mail text: name, address, bank account IBAN, bank name, contact person and contact e-mail address to which SEB will send an NDA proposal, with further instructions. After the NDA signature, the Bidder will acquire status of a qualified Bidder (hereinafter: Qualified Bidder).
Qualified Bidders will get access to the VDR within 24 hours after reception of a scanned copy of the signed NDA in the attachment of an e-mail sent to the Contact Address with a request for read confirmation, by which acquiring the right to participate in Q&A sessions ending on September 29, 2023 (hereinafter: Closing Date). In case of rejection of the proposed NDA signature, the paid Participation Fee will be returned to the non-qualified Bidder within 7 calendar days, after the Closing Date.
The deadline for NBO submission in electronic form, as the attachment of an e-mail sent to the Contact Address with a request for read confirmation, is 23pm on October 16 (hereinafter: Submission Date).
Valuation criteria to select the preferred Qualified Bidder (hereinafter: Preferred Bidder) will be an offered price EUR/MWp for 48 MWp of the Project nominal power (hereinafter: Offered Price) for SEB takeover, as the owner of the Project at the current development stage (awarded Energy Approval). In case of comparable Offered Price, preference will be given to the NBO that includes as an additional option an offer to the company EnergoVizija Ltd., Zagreb, with an offered net price EUR/MWp (VAT not included) for the continuation of the development of the Project up to the "ready to build" stage.
The bidding process closure date is October 27, 2023 (hereinafter: Closure Date).
All Qualified Bidders will be notified about the results of this bidding process before the Closure Date expiration.
In case of selection, SEB will invite the Preferred Bidder by the notification to sign a proposed Memorandum of Understanding, to get the exclusivity to conduct a due diligence and submission the final bidding offer.
SEB has no obligation based on any ground to accept any of submitted NBOs, nor to provide reasons.
Each Bidder is obligated to cover its own costs of the participation in this bidding process, and SEB do not take any responsibility under any ground to cover any cost to any Bidder concerning participation in this bidding process.
In Zagreb, September 15, 2023