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Posted by chuan
on 22/9/2009, 8:25:18
A 10 year-old offshore bank with unrestrictive international banking license for sale.
1. The price is USD 3m. This 3m includes the USD500K statutory deposit. Your real cost shall be USD 2.5m plus out-of-pocket expenses.
2. Dexia and Commerzbank are the correspondent banks for this bank.
3.If you are interested,we would require a deposit of USD 300,000 in order to reserve the bank for you. Indepedent Trust Company can be appointed to provide escrow for this case. We would expect you to complete all documentation for the application for due diligence within a 3-month period. Once the due diligence process is complete and you are approved as the new shareholder we can proceed with the share transfer transactions. The USD 300,000 deposit shall be considered as part of the final payment for the shares of the Bank. If, however, you fail to complete the due diligence application process within the 3-month period the deposit will not be returned and the Bank will be put back on the market. Should you not be approved by the Authority we shall return 80% of the deposit and keep the 20% to cover our expenses in the process.
4. All assets and liabilities ,except the security deposit, are transferred out before the sale.
Please reply privately only with your corporate profile and bank reference.We do not discuss further issues publicly.
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