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PUBLIC INVITATION of the HŽ Putnički prijevoz d.o.o.

Public invitation to interested parties with the objective of expressing interest for co-operation

HŽ Putnički prijevoz d.o.o. expresses interest that TŽV Gredelj d.o.o. in liquidation concludes liquidation proceedings and and in these new circumstances proceed with activities for which it was founded.

Therefore, HŽ Putnički prijevoz d.o.o. announces public invitation to interested parties with the objective of expressing interest for co-operation with HŽ Putnički prijevoz d.o.o. in order to submit a letter of intent for investment or recapitalization of TŽV Gredelj d.o.o. in liquidation. The public invitation is published based on the Public Invitation to Investors and Strategic Partners to Express Their Interest and to Submit an Offer for Investment or Recapitalization of TŽV Gredelj d.o.o. in liquidation, which was adopted based on the Decision of Creditors Assembly of TŽV Gredelj d.o.o. in liquidation of December 12th, 2012 and the Decision of Creditors Committee of TŽV Gredelj d.o.o. in liquidation of June 12th, 2017. The Public Invitation of TŽV Gredelj in liquidation is published on the websites of the Agency for Investments and Competitiveness, Ministry of the Sea, Transport and Infrastructure, Ministry of Justice, the Croatian Chamber of Economy and  Railway Gazette International and magazine Poslovni dnevnik.

The object of this public invitation of TŽV Gredelj d.o.o. in liquidation to investors or strategic partners is investment in TŽV Gredelj d.o.o. in liquidation, PIN (OIB): 65952859647 in order to maintain and continue business activity and to undertake recapitalization with the possibility of elaboration of a bankruptcy plan according to the provisions of the Bankruptcy Act. Investors or strategic partners are invited to express their interest or make their offer in order to invest in TŽV Gredelj d.o.o. or to undertake recapitalization, which shall be done according to the bankruptcy plan during the bankruptcy procedure  in order to continue basic business activities of the Company: design and production of new rolling stock, modernization, restoration and maintenance of existing rolling stock along with a whole range of additional services relating to rolling stock, engines and equipment.

Public Invitation of TŽV Gredelj d.o.o. containing data on TŽV Gredelj d.o.o., terms and conditions of invitation, where domestic and foreign legal and natural persons are invited, individually or jointly, to submit a letter of interest or offer of investment, is an integral part of this public invitation of HŽ Putnički prijevoz d.o.o.

Expression of interest resp. intention of interested investors or strategic partners towards TŽV Gredelj d.o.o. in liquidation based on Public Invitation of TŽV Gredelj d.o.o. in liquidation is to be submitted not later than January 31, 2018.

Upon prior co-operation with potential co-investor or strategic partner, HŽ Putnički prijevoz d.o.o. is interested, as a public railway operator in the Republic of Croatia, to respond to the Public Invitation of TŽV Gredelj, i.e. HŽ Putnički prijevoz d.o.o. is interested in expressing interest and intent by submitting a letter of intent to TŽV Gredelj d.o.o. in liquidation based on the Public Invitation of TŽV Gredelj d.o.o. in liquidation.

In accordance to its Public Invitation, HŽ Putnički prijevoz d.o.o. invites domestic and foreign legal and natural persons to express their interest for business co-operation with a co-investor or strategic partner of HŽ Putnički prijevoz d.o.o. with the objective of potential response to the Public Invitation of TŽV Gredelj d.o.o. in liquidation and potential submission of a joint offer or expression of interest based on the Public Invitation of TŽV Gredelj in liquidation. 

The announcement of this invitation of HŽ Putnički prijevoz or receipt of letter of intent of interested co-investor and/or strategic partner does not result in an obligation to conclude a contract on joint investment and cannot constitute basis for any claim or right of those persons to require fulfilment of any performance by HŽ Putnički prijevoz d.o.o. on any grounds as well as any basis for entering ownership structure of HŽ Putnički prijevoz..

Domestic and foreign legal and natural persons can submit letter with expression of interest for co-operation with HŽ Putnički prijevoz d.o.o. for responding to the Public Invitation of TŽV Gredelj d.o.o., individually and jointly.

Interested strategic partners are invited to express interest in co-operation with HŽ Putnički prijevoz d.o.o. by submitting a letter of intent in a sealed envelope, which is to be addressed to the Management of HŽ Putnički prijevoz d.o.o. not later than 26.1.2018.

Letter of intent with expression of interest in writing should contain the description of the methods of business co-operation with HŽ Putnički prijevoz d.o.o., description of investment mode and deadlines in which business cooperation is to be achieved as well as the description of expert qualifications in implementation or management of similar affairs.

It is required to enclose the following as well:

  • Extract from the register of companies for legal entity or a copy of identification document for natural person (ID or passport)
  • Statement confirming that interested party is not in liquidation or insolvency procedure or any forced administration procedure, bankruptcy or any other similar procedures regarding insolvency and termination of business activities
  • Latest available financial reports by interested investors or strategic partners.

In the event that a letter of intent is submitted as a joint expression of interest, each person involved is required to enclose the aforementioned documents.

Interested investors or strategic partners are not entitled to compensation for any costs related to preparation and submission of letter of intent with expression of interest as well as any actions that preceded the letter.

HŽ Putnički prijevoz d.o.o. is not obliged to invite interested investors to submit binding offers or to conclude a contract or any other legal document with any of interested investors or strategic partners.

This invitation is subject to the legislation of the Republic of Croatia. All data received shall be treated in accordance with statutory provisions in order to protect rights and privacy of interested parties. The data shall be processed solely for determining compliance of the conditions mentioned in the strategic alliance with the objective of responding to the Public Invitation of TŽV Gredelj d.o.o. in liquidation.

Upon conclusion of the invitation for expression of interest, HŽ Putnički prijevoz d.o.o. may conduct invitation procedure for submission of a binding offer.

A notification of this invitation is to be published on the websites of the Ministry of the Sea, Transport and Infrastructure and in the magazine Poslovni dnevnik.

For further information, interested parties may contact the Management of the Company HŽ Putnički prijevoz d.o.o. by e-mail or telephone no.  +385 1 3783 061.