Postal operators invited to bid for Jordan Post Company stake
The Jordanian government has decided to proceed with the privatisation of the Jordan Post Company (JPC).
The Jordanian government has decided to proceed with the privatisation of the Jordan Post Company (JPC).
The postal company intends to sell-off a majority stake of 74% to a strategic partner acting alone or in a consortium, the Jordanian government has announced.
The Executive Privatisation Commission, in charge of the privatisation of the JPC, has mandated a consortium led by Lazard Frères as its sole advisor for this transaction.
Currently the JPC is the incumbent public postal operator in Jordan offering all traditional postal services as well as various financial services throughout a network of 355 post offices. It benefits from a statutory monopoly for the provision of basic letter services, PO Box rentals, public mail deposit boxes and postal stamps printing.
The invitation only applies to postal operators, including express and/or courier ones (“strategic partners”) or to consortia (comprising of at least a strategic partner), which have the capacity to ensure JPC’s growth, while contributing to the development of the Jordanian postal and logistic sector. In order to pre-qualify, a strategic partner or a consortium must demonstrate: Experience in the postal sector (including express and/or courier services); interest or experience in the financial sector; as well as: submitting a letter of expression of interest; while providing information on itself or on each consortium member, including its latest annual reports or those of each consortium member.
Consortia will be pre-qualified, provided that they fulfil the qualifying requirements and also disclose sufficient information on their consortium agreement (including the identity of the consortium leader, and at the minimum the intended breakdown of ownership among the members, and their respective roles and responsibilities.)
Expressions of interest are to be prepared in English and should be submitted by mail and e-mail by 1pm, Jordan local time, on 16 March 2009, to the following address.
Executive Privatisation Commission of Jordan
Sheikh Abdel Halem Al-Kilani Street
Shmeisani West
PO Box 941536
Amman 11194
Jordan
Attn: H.E Eng. Abdel-Rahman El-Khatib, chairman.
Email: [email protected]
Pre-qualified strategic partners/consortia will be invited to follow a due diligence process and asked to submit a technical and a financial offer.
Further information can be obtained from:
Michele Lamarche
Managing director
Lazard Frères
121, Boulevard Haussmann – 75008 Paris
France
Tel: + 33 1 44 13 01 11
Fax: + 33 1 44 13 08 18
Email: [email protected]
