The Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan announces the holding of a tender through two-stage procedures for the sale of the object of republican ownership
Tender by two-stage procedures will be held on December 8, 2017 at 3 pm according to the time of the city of Astana.
The state package of shares of the following organization is put up for competition by two-stage procedures:
Name of organization: JSC "Астана қонақ үйі"
Location of organization: The Republic of Kazakhstan, Astana city, Abai avenue, 47
Type of activity: Rendering of hotel services
The size of the realizable state shareholding, in % of the authorized capital and the number of shares: 100%, 21 121 970 common shares
Starting price: KZT 5 760 408 000
Payment by installments for a period of 1 (one) year is possible. Herewith, an initial instalment of at least 15% (fifteen percent) of the selling price must be paid within 30 (thirty) calendar days from the date of signing the sales contract. The remaining amount is paid quarterly in equal shares with interest accrual based on the official refinancing rate of the National Bank of the Republic of Kazakhstan.
Guarantee fee: KZT 68 070 000
The guarantee fee is paid to the following requisites of the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan: № KZ800705012170034001 in the RSI "Treasury Committee of the Ministry of Finance of the Republic of Kazakhstan", BIK KKMFKZ2A.
Conditions of the competition:
- The buyer undertakes to maintain the hotel business profile within 3 (three) years;
- The buyer undertakes to keep the status of "5 stars" for 3 (three) years;
- The buyer undertakes to repay existing creditors during 2018;
- The buyer undertakes to keep the number of jobs and the level of wages for Kazakh employees for 3 (three) years;
- The buyer undertakes to conclude an agreement between the Seller (the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan), the Buyer and the Independent Consultant ("Synergy Partners Law Firm" LLP), which provides for the Buyer's obligation to pay to the Independent Consultant the interest paid for the sale of the Company.
Requirements to the buyer:
- The buyer must not undergo rehabilitation or bankruptcy procedures during 24 months preceding the date of the tender
Competitive applications are accepted at the address: Synergy Partners Law Firm LLP , Almaty city, Dostyk Avenue 128, Apt. 73; tel: +7 (727) 390-15-10, web: www.synergy-law.com , email: email@example.com
For more information about the Company, acquaintance with the Company's corporate, financial and other documents and accessing the Data Room , please contact the Synergy Partners Law Firm, tel: +7 (727) 390-15- 10, email: firstname.lastname@example.org
Order of the competition through two-stage procedures:
An independent consultant forms a list of applications received at the date of the tender containing proposals of potential buyers (investors).
The seller with the participation of an independent consultant negotiates with potential buyers (investors) on the list of applications in order to identify at least two potential buyers (investors) who presented the best proposals (the first stage of the tender) during the negotiations.
The seller with the participation of an independent consultant negotiates within one working day with the winners of the first stage to improve previously proposed conditions (the second stage of the competition).
As a result of each stage of negotiations, the seller, an independent consultant and all participants of the competition sign a protocol on the results of the competition through two-stage procedures.
A successful bidder through two-stages procedure is a potential buyer (an investor) who has offered the best conditions during the second stage of the competition through two-stage procedures.
The purchase and sale agreement with the winner is signed within a period of not more than ten calendar days from the date of signing the protocol on the results of the second stage of the tender through two-stage procedures.
At the commission meeting, applications with participants' proposals are studied and compared by all members of the commission. The commission checks compliance with all formalities of the competition, determines the availability of required information and documents.