DGAP-News: Sale of EAA Covered Bond Bank Plc--Notice for Expressions of Interest

DGAP-News: Sale of EAA Covered Bond Bank Plc--Notice for Expressions of Interest
23.03.2016 00:59:39

Sale of EAA Covered Bond Bank Plc--Notice for Expressions of Interest

DGAP-News: Erste Abwicklungsanstalt / Schlagwort(e): Verkauf

Sale of EAA Covered Bond Bank Plc--Notice for Expressions of Interest

23.03.2016 / 01:00

Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Sale of EAA Covered Bond Bank Plc

Notice for Expressions of Interest

EAA Covered Bond Bank Plc ("EAACBB") is a specialised Irish bank focusing

on the issue of Irish Asset Covered Securities ("ACS"), and is a 100% owned

subsidiary of Erste Abwicklungsanstalt ("EAA"). EAACBB is authorised and

regulated by the Central Bank of Ireland and the European Central Bank.

EAA seeks to dispose of all of its interests in EAACBB, by way of a

disposal of all of the shares in EAACBB (the "Proposed Transaction").

EAACBB's assets consist principally of Public Sector Assets (valued at c.

EUR2bn as at 31 December 2015), both listed and unlisted. EAACBB refinances

its assets through its Asset Covered Securities issuance platform and other

funding instruments.

KPMG ("KPMG") has been exclusively mandated as corporate finance adviser to

advise EAA on the Proposed Transaction. Any interested party wishing to

submit an indication of interest must register their interest with KPMG via

the contact information stated below.

EAA reserves the right to restrict the number of parties invited to

participate in the sale process. In doing so, EAA will assess the

expressions of interest based on whether the interested party (1) is able

to ensure secure financing for the Proposed Transaction, (2) confirms that

it is seriously interested and capable to conclude the Proposed Transaction

by Q3 2016 and (3) is reasonably capable of receiving all approvals as may

be required by the relevant competition, regulatory and other authorities

required for the Proposed Transaction. Interested parties are requested to

include, with their indication of interest, confirmation that they can

satisfy these criteria and the basis on which they believe they can satisfy

criteria (1) and (3).

Following the registration of interest, interested parties who are invited

to participate in the sale process will be required to sign a customary

non-disclosure / confidentiality agreement. They will then be invited to

take part in the further process and will receive further information

regarding EAACBB and the sale process (subject to the executed

non-disclosure / confidentiality agreement). KPMG and EAA intend to make

information regarding EAACBB available to those parties from and including

11th April 2016.

EAA reserves the right to alter the timing of the process, to amend the

terms of the process or to discontinue the sale process, provided that EAA

will at all times act in a way consistent with the principles of an open,

transparent and non-discriminatory bidding process.

To register your interest please contact:

KPMG Alan Boyne Brian Shefflin

Telephone: +353 (0) 1 410 2645 +353 (0) 1 410 2764

Email: ProjectBlue@kpmg.ie

This notice was prepared exclusively in order to inform potential bidders

of the opportunity to indicate their interest in the Proposed Transaction.

This call for expressions of interest is not subject to EU or national

public procurement rules. No formal tender procedure may be claimed.

Recourse to public procurement tribunals (Vergabekammern) may not be

sought.

The distribution of this notice in certain jurisdictions may be restricted

by law, and recipients should inform themselves about, and observe any

applicable legal or regulatory requirements in relation to, the

distribution or possession of this notice. Neither EAA, nor KPMG, nor

their or their affiliates' respective directors, officers or agents, accept

any liability to any person in relation to the distribution or possession

of this notice in any jurisdiction. This notice does not constitute an

offer to sell or a solicitation of an offer to subscribe for or purchase

any securities by any person in any jurisdiction.

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23.03.2016 Veröffentlichung einer Corporate News/Finanznachricht,

übermittelt durch DGAP - ein Service der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,

Corporate News/Finanznachrichten und Pressemitteilungen.

Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de

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Sprache: Deutsch

Unternehmen: Erste Abwicklungsanstalt

Elisabethstraße 65

40217 Düsseldorf

Deutschland

Telefon: 0211 826 7993

Fax: 0211 826 7883

E-Mail: info@aa1.de

Internet: www.aa1.de

ISIN: DE000WLB27H2

WKN: WLB27H

Börsen: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,

München, Stuttgart; Open Market in Frankfurt

Ende der Mitteilung DGAP News-Service

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447635 23.03.2016

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