Request for Expressions of Interest for the Sale of a Quoted Bank’s Major Equity Stake in a Primary Mortgage Institution (PMI)
1. Introduction
In view of the Revised Banking Model by the Central Bank of Nigeria (CBN), Greenwich Trust Limited, on behalf of our client (name withheld) hereby requests for Expressions of Interest (“EOI”) from eligible Bidders to apply for the acquisition of a quoted Bank’s majority equity stake in its mortgage subsidiary.
To this end, prospective Bidders are required to carefully read this EOI as proposals that do not comply with the terms contained therein will be rejected.
2. Pre-Qualification Requirements for the EOI
The requirements for Pre-Qualification for the EOI are as follows:
a) A description of the Bidder’s background and proposed bid vehicle including:
i. Full Name and Nationality (the country of registration) of the Company and the contact person, postal address, telephone numbers(s) and Email address.
ii. Proposed place of incorporation (if Special Purpose Vehicle (SPV) with detailed information on prospective investors and their proposed shareholding, together with an affidavit or MOU supporting this.
iii. Company Profile must include:
- Organisational structure and Curriculum Vitae of key professional staff with relevant experience in the Financial Sector;
- List of the Company’s Directors, their individual addresses, phone numbers and Curriculum Vitae.
- A copy each of the Company’s Audited Accounts for 2009, 2010 and
2011.
- Evidence of Tax Clearance for 2009,2010 and 2011.
- Corporate structure.
- Shareholding structure.
- Relationship to any parent or holding company, incorporated or otherwise,
(b) A copy of the Company’s Certificate of Incorporation in Nigeria, Particulars of Directors (C07) and Return of Allotments (Co2).
3. Submission of Expressions of Interest
Interested Bidders are required to submit two (2) copies of their EOI with all pages initialled by their authorised representative(s), in a sealed envelope. The envelope shall bear the submission address below, the Company’s name and the inscription “EXPRESSION OF INTEREST FOR THE DIVESTMENT EXERCISE”. The sealed envelope containing the EOI must be delivered to the address below not later than 6.00 p.m. on any working day and not later than 27th March, 2012
The Executive Director
Investment Banking Greenwich Trust Limited
Plot 1698A, Oyin Jolayemi Street Victoria Island Lagos – Nigeria
Only shortlisted bidders will be contacted
