The Subsidiary is an energy service company operating in Bulgaria providing services ranging from energy management analysis and consultancy, through financing to overall management of implementation of the solution.
The expression of interest must include:
- the name and identification of the interested party and, if such party is controlled by a different entity, group or individual, also the name and identification of such controlling entity or ultimate beneficial owner (“UBO”);
- details of the financial capacity of the interested party or, as applicable, the consortium; and
- the rationale of the party’s interest in a potential acquisition of the Subsidiary.
The interested parties who will submit the expression of interest will be informed in writing by CEZ outlining further steps and requirements. CEZ intends to swiftly proceed with the next phase, receive binding offers by 22 October 2021, 12:00 CET and achieve signing of the SPA by 30 November 2021.
CEZ reserves the right, at its sole discretion at any time without sending notice to any party and without reason, to change any aspect of the above process or to terminate it. CEZ may decide to provide further information relating to the above process to certain interested parties only and subject to certain confidentiality undertakings. CEZ and its advisers shall have no liability whatsoever to any interested party or third person (including liability for losses, costs or damages of any kind) that may directly or indirectly be incurred by any interested party or any third person as a result of or in connection with the above process or its change or termination. Each interested party will bear its own costs and expenses in connection with the above process. Nothing in this invitation shall create any binding obligation on CEZ. In particular, neither this invitation nor any other information shall constitute an offer to sell or an invitation to purchase the Subsidiary, nor is to be taken as any form of commitment on the part of CEZ to proceed with any transaction or to provide any further information. This invitation does not contain any express or implied commitment or recommendation, representation or warranty or proposal made by CEZ.
This invitation is not an offer to sell or a solicitation of offers to purchase or subscribe for shares of CEZ or any of its affiliates, other securities, or other financial instruments. This invitation does not constitute an offer within the meaning of the Czech Civil Code or a prospectus or a public offer of any shares or other securities within meaning of the Regulation (EU) 2017/1129 of the European Parliament and of the Council, the Prospectus Regulation, as amended.
This invitation is made available on the express understanding that it will be used by the recipient solely for the purpose of deciding whether it wishes to proceed with a further investigation of the Transaction and for no other purpose. This document is not intended to form the basis of any investment decision and does not constitute or contain any recommendation nor does it constitute the giving of investment advice by CEZ.
CEZ does not make any representation or warranty regarding the accuracy and completeness of the information provided in this invitation and shall not assume any responsibility or be held liable for the consequences of selection, use or reliance on such information.
Copies of this invitation may not be sent to countries, or distributed in or sent from countries, in which this is barred or prohibited by law. Persons into whose possession this invitation comes should inform themselves about and observe all such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. This document does not constitute a recommendation regarding any securities.
For the purpose of this section Important Notice, the term “CEZ” shall include CEZ and all of its affiliates and subsidiaries.