INVITATION FOR EXPRESSION OF INTEREST

21 / 10 / 2014

ERNST & YOUNG BUSINESS ADVISORY SOLUTIONS S.A.

INVITATION FOR EXPRESSION OF INTEREST

FOR THE ACQUISITION OF THE ASSETS OF THE COMPANY WITH THE TRADE NAME  «HELLENIC VEHICLE INDUSTRY S.A.(ELVO) – Under Special Liquidation»

ERNST & YOUNG BUSINESS ADVISORY SOLUTIONS S.A., acting on its capacity as the special liquidator of the company with the trade name “HELLENIC VEHICLE INDUSTRY S.A. – Under special liquidation” (hereinafter called “the Company or ELVO”), invites interested buyers to submit a non - binding expression of interest for the acquisition of the assets of the Company under liquidation.

The Company has been set under special liquidation pursuant to Art. 14A of Law 3429/2005, by virtue of the Decision of the Court of Appeals of Thessaloniki with n. 191/2014.

DESCRIPTION OF ASSETS

The property to be sold consists the following group of assets:

(a)   The land, buildings and machinery located in the industrial area of Sindos, Thessaloniki

(b)   The inventory of spare parts

(c)    2 plots of land in Kalochori, Thessaloniki

(d)   11 4x4 cargo military trucks,  produced in 2013

 

PROCEDURE OF THE SALE

The property will be sold under independent public auctions pursuant to the provisions of Art. 14 A of Law 3429/2005 and the provisions of the tenders that will be published within the deadline provided by law.

SUBMISSION OF EXPRESSIONS – INFORMATION MEMORANDUM - INFORMATION

The submission of expressions of interest and the provision of a detailed Information Memorandum as well as any other communication, inquiries and requests for additional information should be directed to the individuals listed below.

Mr. Michael Chourdakis

Email: michael.chourdakis@gr.ey.com

Mr. Panagiotis Tsiolis

Email: panagiotis.tsiolis@gr.ey.com