Distressed Securities for Sale by HETA Asset Resolution

Distressed 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 14.0 million claims against the company ABCINVEST d.o.o.;
  • EUR 12.2 million claims against the company MONS d.o.o.;
  • EUR 3.3 million claims against the company LAMOVO HOLDINGS LIMITED ltd..

Interested Parties are required to submit their written Express of Interest. Based on expressed interest, HETA will at their discretion invite the interested parties to perform due diligence and provide the bidders with a non-disclosure agreement (NDA). Apart from signed NDA, HETA may set additional conditions necessary for granting documentation access. Upon submission of the requested documentation every qualified party will receive access to personal due diligence Data room.

All bidders have the same due date for submission of their offers irrespective of when they enter the data room. Binding offers for individual claims should be submitted by 29 October 2018.

Source: Heta

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 14.0 million claims against the company ABCINVEST d.o.o.;
  • EUR 12.2 million claims against the company MONS d.o.o.;
  • EUR 3.3 million claims against the company LAMOVO HOLDINGS LIMITED ltd..

Interested Parties are required to submit their written Express of Interest. Based on expressed interest, HETA will at their discretion invite the interested parties to perform due diligence and provide the bidders with a non-disclosure agreement (NDA). Apart from signed NDA, HETA may set additional conditions necessary for granting documentation access. Upon submission of the requested documentation every qualified party will receive access to personal due diligence Data room.

All bidders have the same due date for submission of their offers irrespective of when they enter the data room. Binding offers for individual claims should be submitted by 29 October 2018.

Source: Heta