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POSB: call for transactional advisory services

POSB: call for transactional advisory services

BRUSSELS, 17 October 2018 – After approval of the Government in Zimbabwe, the People's Own Savings Bank (POSB) will be partially privatised in order to enhance POSB's capacity to underwrite more business to the productive sectors, widen the frontiers of financial inclusion through targeting informal businesses and the marginalized in the remote areas, as well as access expertise and technology to improve banking operations. Pursuant this, POSB intends to engage the services of consultants to provide advisory services on the proposed transaction to raise capital for the Bank through private placement and/or public offering.


Scope of Assignment

The Consultant will be expected to:

  • Carry out the financial, legal and operational due diligence of the Bank;
  • Undertake valuation of the Bank;
  • Determine the optimal recapitalisation requirements of the Bank and identify/recommend possible option(s) for its partial privatisation;
  • Develop guidelines and road map for implementing private placement and/or Initial Public Offer (IPO), as appropriate;
  • Prepare the Information Memorandum, Prospectus and Marketing Material to be used in the fundraising process and all other requisite documentation for the transaction;
  • Assist in the bidding process for the engagement of the investor(s) and
  • Advise on all matters relating to the partial privatisation of the Bank.


Expression of Interest

POSB is inviting eligible consultancy firms to express their interest to provide the above services. Expressions of Interest should be submitted in sealed envelopes no later than by 23rd of October 2018 to:

The Head of Procurement Management Unit,
POSB, 4th Floor Causeway Building,
Corner 3rd Street/Central Avenue, Harare

 

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