• The Ministry
• Privatisation
  • Announcements
  • Privatisation procedures
  • Privatisation lines
  • Statistics
  • Historical data
• Company Profiles
• Polish economy
• Restitution
• State aid
• Corporate supervision
• News
• Publications
• Timetable
• Contact
• Links

The deadline for submitting written replies expires on 22 September 2010 at 3:00 PM (Warsaw time).

The Minister of Treasury
OF THE REPUBLIC OF POLAND
hereby invites to negotiations regarding the purchase of shares of the companies:

1. Przedsiębiorstwo Komunikacji Samochodowej w Bartoszycach S.A. with registered office in Bartoszyce,

2. Przedsiębiorstwo Komunikacji Samochodowej w Olsztynie S.A. with registered office in Olsztyn,

3. Przedsiębiorstwo Komunikacji Samochodowej w Ostródzie Sp. z o.o. with registered office in Ostróda,

The Minister of Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, acting on behalf of the Treasury, pursuant to Article 33(1)(3) of the Commercialisation and Privatisation Act of 30 August 1996 (Journal of Laws of 2002 No. 171, item 1397, as amended), hereinafter referred to as the “Act,” and the Resolution of the Council of Ministers of 17 February 2009 on the Detailed Procedure of Selling Treasury Shares (Journal of Laws of 2009 No. 34, item 264, as amended), hereby invites all interested parties to negotiations regarding:

1. up to 280,500 (say: two hundred and eighty thousand five hundred) ordinary registered shares of a nominal value of PLN 10.00 (say: ten zloty) each, constituting up to 85% of the share capital of the company Przedsiębiorstwo Komunikacji Samochodowej w Bartoszycach S.A with registered office in Bartoszyce, ul. Kętrzyńska 64;
2. up to 425,000 (say: four hundred and twenty-five thousand) shares of a nominal value of PLN 10.00 (say: ten zloty) each, constituting up to 85% of the share capital of the company Przedsiębiorstwo Komunikacji Samochodowej w Olsztynie S.A. with registered office in Olsztyn, ul. Towarowa 20,
3. up to 51,000 (say: fifty-one thousand) shares of a nominal value of PLN 50.00 (say: fifty zloty) each, constituting up to 85% of the share capital of the company Przedsiębiorstwo Komunikacji Samochodowej w Ostródzie Sp. z o.o. with registered office in Ostróda, ul. Garnizonowa 14,

hereinafter referred to jointly as the “Companies” or individually as the “Company,” however not less than 10% of shares of a given Company by one buyer.

Pursuant to Article 36 of the Act, eligible employees of the Companies are entitled to a free acquisition of up to 15% of the Company’s shares taken up by the Treasury on the day of entering the Company into the Register. Shares not acquired by eligible employees may be sold by the Minister of Treasury to an entity selected under these negotiations, provided that the right of such persons to acquire such shares expires.

The core business activity of the Companies is public road passenger transport.

All parties interested in the purchase of the Companies’ shares who will come to the Ministry of Treasury, on weekdays (12:00 - 3:00 PM) from 26 August 2010 to the day immediately preceding the day of submitting written replies to the public invitation to negotiations regarding the purchase of the Companies’ shares, and present an Extract from the Register of Entrepreneurs of the National Court Register or a Certificate of Entry in the Register of Business Activity, showing the current representation of the entity (certificate must not be older than three months), and if the interested party is a natural person who is not an entrepreneur – present an identity document, and upon signing the document “Confidentiality Obligation” by the Potential Investor or its duly authorized representative, they shall receive, for a fee, a “Company Memorandum” for individual Companies, containing information on the Companies’ legal, economic and financial standing, as well as on the structure of replies to the publicly announced invitation to negotiations. The fee for the “Company Memorandum” is PLN 100.00 for each of the Companies and it is payable to the cashier (room 372) of the Department of General Accounting and Reporting of the Department of Budget and Finance at the Ministry of State Treasury, between 12.00-2.00 PM, or to the account of the Ministry held at Bank Gospodarstwa Krajowego, Branch No. 1 in Warsaw, account no. 83113010170019942625200008.

Persons responsible for receiving applications are:

• Ms Katarzyna Krupa, room 463, tel. 0-22 695-88-64, fax. 0-22 629 80 97.
• Ms Marta Kulik - Zawadzka, room 463, tel. 0-22 695-87 26, fax. 0-22 629 80 97.

For the avoidance of any doubt, the Minister of Treasury declares that the “Company Memorandum” is issued for each Company individually, upon signing of the document “Confidentiality Obligation” separately for each Company, and that the privatization process will be conducted for each of the Companies individually.

If Potential Investors are interested in the purchase of shares of more than one Company, offers must be submitted for each of the Companies individually.

The subject of negotiations, in case of each of the Companies, shall be in particular: the price of the stake of shares; the Company development program suggested by the Potential Investor, including, among others, the commitment to raise the share capital, and other investment commitments; commitments with respect to environmental protection; commitments with respect to protection of the interest of Company employees and other persons associated with the Company; the manner of securing the execution of such commitments.

Potential Investors may submit offers for the purchase of shares of one or more Companies.

Written replies to the public invitation to negotiations to purchase shares of the Companies must be filed by 22 September 2010 (till 3:00 PM Warsaw time).

Replies of Potential Investors to the public invitation to negotiations should be made in the Polish language and filed in a single copy, in a sealed envelope, at the Ministry of State Treasury, ul. Krucza 36/Wspólna 6, 00-522 Warszawa, Front Office of the Department of Ownership Supervision and Privatization I, room 477, tel. (022) 695-87-92, fax (022) 629-80-97.

The envelopes must be labelled with the identification details of the Potential Investor and be marked, respectively:

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Bartoszycach S.A. z siedzibą w Bartoszycach - nie otwierać"
(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Bartoszycach S.A. with registered office in Bartoszyce– Do not open)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia akcji Spółki Przedsiębiorstwo Komunikacji Samochodowej w Olsztynie S.A. z siedzibą w Olsztynie - nie otwierać"
(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Olsztynie S.A. with registered office in Olsztyn – Do not open)

„Odpowiedź na publiczne zaproszenie do negocjacji w sprawie nabycia udziałów Spółki Przedsiębiorstwo Komunikacji Samochodowej w Ostródzie Sp. z o.o. z siedzibą w Ostródzie - nie otwierać"
(Reply to the written invitation to negotiations regarding the purchase of shares of the Company Przedsiębiorstwo Komunikacji Samochodowej w Ostródzie Sp. z o.o. with registered office in Ostróda – Do not open)

Considered will only be replies made by Potential Investors who signed the “Confidentiality Obligation” and collected the appropriate “Company Memorandum” for the Company to which the reply relates.

The Minister State of Treasury reserves the right to request additional information from Potential Investors who submitted replies to the public invitation to negotiations.

The Minister of State Treasury will notify (by registered letter sent by 22 October 2010) each of the Potential Investors, who submitted replies to the public invitation to negotiations, of the result of examination of such replies.

In relation to each of the privatisation procedures, conducted separately for each of the Companies, the Minister of Treasury reserves the right to: select one or several Potential Investors with whom negotiation shall be conducted; terminate negotiations without giving reasons, extend the date for submitting replies to the public invitation for negotiations, extend the date for notifying Potential Investors of the result of examination of replies, and to change the procedure and schedule of negotiations.

The Minister of Treasury is not responsible for any costs incurred by Potential Investors in connection with their participation in the negotiations and with conclusion of a share purchase agreement for individual Companies.

• RSS
• XML