Press center


28.04.2016

Sale of NPL Portfolio

HETA ASSET RESOLUTION Bulgaria OOD and HETA ASSET RESOLUTION AUTO BULGARIA OOD intend to sell a portfolio with gross exposure of up to EUR 130 million of non-performing receivables under terminated financial lease and loan contracts and accrued interest of up to EUR 37 million. For more information please visit the entities’ website or the Alpe Adria Asset Platform


Apr
28

10.03.2016

Trends of NPL and Distressed Debt sales in CEE

Dr. Julius Freiherr Grote, CEO and COO, spoke at the 3rd international summit "NPL Europe spring conference", hosted by Smith Novak and taking place in London on 9 and 10 March 2016. Dr. Grote had been invited to speak on the panel about latest trends and developments of banking deleveraging and Non Performing Loan sales activities in Central Eastern Europe. In 2015, the conference attracted about 250 leading professionals from 24 countries, a must-attend event for businesses actively selling, buying, financing, servicing and advising on Non Performing Loan transactions.


Mar
10

01.03.2016 - 18.03.2016

Sale of recycling equipment - Tender announcement

HETA ASSET RESOLUTION Bulgaria OOD as seller announces the first stage of a tender procedure for sale of  Recycling equipment, situated in Kremikovtsi, Sofia, Bulgaria  as asset deal (this is not a sale of shareholding). Bidders are required to express and confirm their participation interest by contacting HETA Bulgaria not later than 17 March 2016 and delivering an executed Non-Disclosure-Agreement (“NDA”) not later than 18 March 2016.


Mar
01

18.02.2016

Finalized sale of glazed tiles factory

Heta Asset Resolution Bulgaria OOD has successfully completed the tender procedure for Keramika Pliska glazed tiles factory, located in Novi Pazar and has sold the full plant, to a big international tiles producer Akgun Seramik. The deal was finalized on 18.02.2016. Numerous interested parties have participated in the sales process. The closing has been preceded by an open, transparent and non-discriminatory process according to the best bidder principle.


Feb
18

08.12.2015

Tile factory in Novi Pazar can soon have a new owner

CAPITAL, 08.12.2015, page 12

The article, issued in CAPITAL, describes the development of one of the sales tender procedures, initiated by HETA ASSET RESOLUTION Bulgaria OOD, for selling a tile factory. The article stipulates the announced interest of the market and the different types of investors. Besides, it describes the expected time line to have executed the tender and the unique business model of HETA ASSET RESOLUTION Bulgaria OOD.

By Iglika Philipova

Capital Novi Pazar EN (PDF, 275.47 KB)
Capital Novi Pazar BG (PDF, 437.25 KB)

Dec
08

01.12.2015

Sale of RE under Repossession in Plovdiv and Sofia

HETA Asset Resolution Bulgaria OOD ("HETA BG") as seller announces the first stage of a tender procedure for sale of real estates in Plovdiv - Residence Stariya Grad, and Sofia - Boyana Residential house. Bidders are required to express and confirm their participation interest by contacting HETA Bulgaria not later than 12 December 2015 and delivering an executed Non-Disclosure-Agreement (“NDA”) not later than 14 December 2015. Invited are bidders with a good reputation and which satisfy the HETA's compliance rules.
Disclosure Note to both Residence Stariya Grad and Boyana Residential house: Both properties had been leased by HETA BG as lessor and are currently in repossession status, subject to (i) repossession (legal) actions through HETA BG from the former lessee and (ii) counter-claims initiated by the former lessee.

Teaser (PDF, 594.97 KB)

Dec
01

27.11.2015

Preparing portfolio sale of distressed asset by Wind-Down Entity

During the "Consumer Debt Sale" conference in Berlin, organized by Smith Novak, Dr. Julius Freiherr Grote followed the request to speak about preparing portfolio sales of distressed assets from the perspective of a wind-down entity in Southern Eastern Europe.


Nov
27

12.10.2015

Sale of Keramika Pliska - Tender announcement

HETA ASSET RESOLUTION Bulgaria OOD as seller announces the first stage of a tender procedure for sale of the industrial property "Keramika Pliska Glazed Tiles Plant"  a factory for production of glazed tiles, situated in Novi Pazar town, Shumen region, Bulgaria as asset deal (this is not a sale of shareholding). Bidders are required to express and confirm their participation interest by contacting HETA Bulgaria not later than 22 October 2015 and delivering an executed Non-Disclosure-Agreement (“NDA”) not later than 26 October 2015. 


Oct
12

31.07.2015

Change in Supervisory Board

HETA ASSET RESOLUTION Bulgaria OOD announces that the Chair of the Supervisory Board, Dr. Rainer Jakubowski, resigns at his own request and leaves the Supervisory Board to pursue other professional perspectives in the future. Chief Executive Officer Dr. Julius Freiherr Grote: „We acknowledge this request by Rainer Jakubowski with great respect thanking him for his untiring commitment, his great expertise and integrity in fulfilling this task. On behalf of all employees of HETA Bulgaria, we wish him all the best for his future career." In parallel, Wirt.-Ing. Sebastian Prinz von Schoenaich-Carolath, Chief Executive Officer of HETA Group, has been nominated as new Chair of the Supervisory Board of HETA ASSET RESOLUTION Bulgaria OOD.


Jul
31

12.06.2015

Residual Debt

Frankfurter Allgemeine Zeitung, 12.06.2015, page 16
Hypo Alpe Adria has plunged the Austrian state of Carinthia into ruin, with debts of EUR 10 billion still unaccounted for. In Bulgaria, the Hypo “bad bank” is having sports yachts, Ferraris and silos collected from debtors.
By Christian Geinitz

Residual Debt EN (PDF, 285.81 KB)
Residual Debt DE (PDF, 220.95 KB)

Jun
12

15.04.2015

Operational Excellence within Wind-Down Entities

During the conference "12th Annual Back Office Forum" in Amsterdam, organized by Fleming Europe, Dr. Julius Freiherr Grote hold a presentation about operational excellence within wind-down entities.


Apr
15

01.03.2015

Reorganisation measures for a financial group receiving state aid

Handelsblatt, March 2015 

In the years 2011 to 2014, HETA Group (formerly Hypo Alpe Adria Group) executed an ambitious Group wide restructuring program for implementing the restructuring plan aligned with European Commission. The attached (non-Bulgarian specific) article describes the essential measures how HETA Group implemented key initiatives for fulfilling this plan by preparing and realizing the segregation between todays HETA Asset Resolution Group ("bad bank") and Hypo Group Alpe Adria ("good bank").
By Dr. Julius Freiherr Grote

www.handesblatt.de


Mar
01