The Declaration of Interest should be received by 15 February 2021, while the Financing amount stated in an individual Declaration shall not be less than HRK 1m.

Yesterday, Dalekovod announced a Call for Declaration of Interest in participating in the financial restructuring of the Company. Dalekovod notes that they are considering the possibilities of financial restructuring for the purpose of creating foundations for the improvement of the Company’s financial status, adequate management of the Company’s obligations and proper capitalisation of the Company. The purpose of the Call is to determine the existence of interest in participating in the Project as well as to evaluate and establish the modality of the Project realisation by the Company.

The submitted Declaration should be received by the Company no later than 15 February 2021, while the Financing amount stated in an individual Declaration of Interest shall not be less than HRK 1m.

The Declaration under this Call does not create any legally binding obligations regarding Funding for the Applicant, unless the Applicant themself decides to be legally bound by the Declaration.

Dalekovod is currently traded at HRK 7.22 per share, which puts EV/EBITDA at 6.5x.

To read more about Dalekovod click here.