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http://seelegal.org/wp-content/uploads/2018/09/portorose.jpg 536 1024 sara http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-09-06 16:17:222018-09-06 16:17:22Six Hotels on the Slovenian Coast for Sale
In the process of preventive restructuring, Istrabenz Group agreed to sell its assets by the end of 2019. The assets of the Istrabenz Group include Istrabenz Turizem and a 50% share in Adriafin, a co-owner of Vina Koper. More than 80% of claims against Instrabenz Group are held by the Bank Assets Management Company. Istrabenz has recently began selling its subsidiary Istrabenz Turizem, owner of six Lifeclass hotels on the Slovenian Coast. The six hotels, namely Grand, Apollo, Neptun, Mirna, Slovenija and Riviera, situated in Portorož, have a total of 778 rooms and are valued at EUR 70 - 80 million. US…
http://seelegal.org/wp-content/uploads/2018/09/Bosphorus.jpg 675 1280 sara http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-09-03 11:03:062018-09-03 12:46:26The Great Istanbul Tunnel Project
The three-level subsea tunnel under Istanbul’s Bosphorus Strait will connect the city’s two sides (European and Anatolian) with one railway and two highways. Trains will pass through a tube in the middle, while tubes below and above will be for vehicular transit. The tunnel will be integrated into nine subway lines, the TEM Motorway, the E-5 Motorway and the Northern Marmara Motorway. Around 6.5 million passengers are expected to use the tunnel on a daily basis once it is completed in the next five years.
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The Republic of Serbia is yet to officially announce the sale of its share (41.7%) in Komercijalna banka a.d. The target is the second largest bank in Serbia with approximately 11% of the market share. The value of the transaction is unknown but shares of Komercijalna banka are currently under high demand on the Serbian Stock Exchange at a price of approximately EUR 17 per share.
http://seelegal.org/wp-content/uploads/2018/09/electricity.jpg 530 1012 sara http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-09-02 10:48:522018-09-03 13:16:25Prospective Share Sale of EPCG
The Government of Montenegro is considering the sale of an unknown percentage of shares in Elektroprivreda Crna Gora (EPCG). EPCG is the state-owned producer and distributor of electricity in Montenegro. The date of sale and the asking price are yet to be revealed.
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The Republic of Serbia is expected to announce the sale of Luka Novi Sad (Novi Sad port). The target is the only remaining state-owned port in Serbia that was previously under radar of 12 local and foreign companies which officially submitted letters of interest in the past. The asking price remains unknown.
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This railway project will connect North Sea, the Baltic Sea, the Mediterranean and the Black Sea. Thus, Turkey’s long lasted reputation of being a junction between East and West in the transport sector is planned to be strengthen with this project. It aims not only to connect but also to reduce carbon emissions and make electrically-driven railways. The tender process for the consultancy for the project has started. The construction works are be tendered by the end of 2018.
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The Republic of Montenegro has decided to put state airports under concession and has recently launched public debate on the Concession Act. After the public debate, the state will invite interested parties to submit offers. The state-owned airports to be included in the concession for the period of 25-30 years are: Berane, Podgorica and Tivat. The estimated concession fee ranges between EUR 50-100 million. Certain French companies with experience in airport management have been mentioned as potential concessionaries of Montenegrin airports.
http://seelegal.org/wp-content/uploads/2018/08/off_shore-wind-park.jpg 483 922 sara http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-08-25 10:50:402018-09-03 12:55:56Offshore Wind Plant Project of 1,200 MW
The Renewable Energy Resource Areas project with the first wind plants to be constructed on the sea will be the first of its kind in the country. The Energy and Natural Resources Ministry of Turkey will accept applications for the wind plant until 23 October 2018. The ceiling price for one megawatt-hour was set as USD 8. Applicants will compete for the lowest bid in a reverse auction. The investor submitting the lowest bid will sign an energy purchase agreement, including the first 50 terawatts-hour of electricity production starting from the first commissioning of the plant.
http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png 0 0 sara http://seelegal.org/wp-content/uploads/2018/01/SeeLegalLogoHeader-1.png sara2018-08-24 16:20:272018-09-06 17:18:31Distressed Securities for Sale by HETA Asset Resolution
HETA Asset Resolution d.o.o. is part of HETA Group, a wind-down corporation owned by the Republic of Austria. Its statutory task is to dispose of the non-performing and non-strategic portion of Hypo Alpe Adria portfolio, nationalized in 2009, as effectively as possible whilst preserving value. In the process of single loan sales they are currently presenting an opportunity to invest in over EUR 56 million claims towards four individual borrowers from Slovenia, diversified across industries, maturity and type of collateral: EUR 26.8 million claims against the company ELECTA NALOŽBE d.o.o.; EUR…
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The Privatisation Administration has announced a public invitation for the participation in a tender for privatisation of Coal Reserve and Energy Production Area located in Eskisehir, owned by Elektrik Uretim A.S. through delivery of operating rights. The deadline for bidding is extended to 26 October 2018. The provisional security amount is USD 25 million.
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A project for the construction of the photovoltaic plant for the generation of electricity with installed capacity of 50 MW, as part of the Support Measures in the Akerni Zone (Vlora) and the construction of additional capacity of 20 MW up to 50 MW, which will not be part of the Support Measures, is in the pipeline. The duration of the project is estimated to be 30 years, with the right of renewal. The area where the project will be developed is the Akerni Area, Vlora Municipality, which is one of the most favourable areas with high solar radiation and a solar energy potential of more than 1600…
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A successful Slovenian battery manufacturer Tovarna Akumulatorskih Baterij (TAB) has recently been in serious negotiations regarding the sale of the company to the South African company Metair Investments. In August it was reported that the Metair’s EUR 300 million bid has been dropped because of the depreciating rand. Unofficially, the owners of TAB will be looking for a new buyer. TAB is producing a wide range of lead acid flooded, VRLA AGM and VRLA Gel batteries in three modern factories with approximately 1,300 employees. They have after-market automotive battery manufacturing facilities…