SALES OF CREDITORS’ CLAIMS

SALES OF CREDITORS’ CLAIMS

The Bankruptcy Administrator of Ūkio bankas, BAB (www.ub.lt) seeks to sell creditors’ claims of EUR 78 420 000 to Birač Europe, AB package:

Birač Europe, AB is a property management company controlling one of the largest business groups in Bosnia and Herzegovina operating in the areas of mining and aluminium raw material (alumina) production. The Group is one of the largest alumina producers in Central and Eastern Europe. In addition, it produces hydrate and zeolite.

The annual production potential amounts to 600 000 tonnes of aluminium raw material and zeolite.

Currently, about 50 to 60 % of production capacities are used. Annual sales income amounts to EUR 84 400 000 (2013).

The Group consists of:

Alumina d.o.o. – the main production company

RB Srebrenica – a bauxite production company

Subsidiaries: Mechanika d.o.o. – a maintenance company

Alusil d.o.o. – the production unit of Alumina d.o.o.

The creditors’ claim is secured by the shares of the aforementioned companies, enterprise mortgage, current and non-current assets and the shares of the companies Birač Europe, AB and Birač-Energo d.o.o.

A person who acquires the creditors’ claims could use them for the following purposes: (i) capitalisation of debts and acquisition of control over the Group; or (ii) recovery of the debt through the sales of the pledged assets.

More information:

Alpha Advisors, Vilniaus str. 31 LT-01402 Vilnius, Lithuania

Phone: +370 698 45733

E-mail: marius.binkevicius@alphaadvisors.lt

Formal proposals to acquire creditors’ claims are to be submitted by 19 September 2014, 12:00.

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