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Islamabad, May 02, 2002
Privatisation Commission has invited reputable firms or consortium of firms for pre-qualification to examine the financial condition and restructuring plan, and market potential of the Karachi Shipyard & Engineering Works (KSEW) and if feasible its privatisation. In stage II the pre-qualified firm would be required to act as Financial Advisor/ Lead Manager to lead the process of marketing and privatisation of the company.
PC has asked the interested firms to provide an Expression of Interest (EOI) along with corporate profile highlighting appropriate transaction experience (including engineering works, ship building and repairs, valuation and commercial & legal due diligence, etc.) accompanying the required non refundable processing fee latest by May 25, 2002. Those expressing interest would be provided detailed Terms of Reference (TOR) and pre-qualification documents. A summary profile of the company can be obtained from PC offices, free of cost from May 10, 2002.
The Financial Advisor responsibilities may include detailed due diligence, review of the present operations (physical, financial, technical, legal, institutional, etc.), proposed restructuring, valuing the company under different methods, advising on the transaction structure for private sector participation, developing appropriate legal contractual arrangements, preparing and implementing the marketing plan and conducting the bidding process.