04.09.2012
A procedure of public opening of Financial Proposals in the presence of the Financial Consultants’ representatives was held on August, 30th, 2012 in the building of the Agency. Now the Agency is in the process of selecting of globally reputable Financial Advisors from the short-list for pool No. 3 (Minsk Margarine Plant OJSC and Konfa OJSC) to assist with execution of a pilot privatization program applying with the best international practice.
Taking into account the results of technical evaluation the following Consultants that have secured the minimum qualifying mark and were considered responsive to the RFP and TOR were invited for attending the opening:
1) Ernst & Young FLLC, Ernst & Young CIS BV, UAB Ernst & Young Baltic, Ernst & Young Business Advisory, Ernst & Young LLC, Ernst & Young Legal Services JLLC, Law Group “Argument” LLC;
2) QUANTUM CAPITAL UAB, GRYPHON EMERGING MARKETS LIMITED, LAWIN Lideika, Petrauskas, Valiunas ir partneriai, Legal firm CLC Law Firm TRUST;
3) CJSC “UNITER Investment Company”, FinPoint Investment Advisors, Vlasova Mikhel & Partners LLC.
Soon after the final results will be announced, the company achieving the highest combined technical and financial score will be invited for negotiations.
Reference:
Selection of the Financial Advisor is performed following the Procurement Guidelines of the World Bank in two stage.
At stage one the Evaluation Committee established by the Agency considers all the applications received and draws up a short-list of applicants having the right to further participate in the financial-advisors selection contest pursuant to the selection criteria.
Applicants from the short-list are sent an invitation to submit offers for the contest, terms of reference, and a project of the contract offered as well as model forms of technical and financial offers and requirements to their drawing-up.
At the second stage the Evaluation Committee selects the Financial Advisor upon receiving, opening within the time determined, and evaluating technical and financial offers, hold negotiations with it, and signs a contract.