Regulatory Alerts2018-04-10
Public Auction Notice
The Central Bank of São Tomé and Príncipe announces a public auction for vehicles to be held on Saturday, April 14, at its archive in Praia Nazare. The institution reserves the right to reject bids that do not meet acceptable price thresholds, and winning bidders must immediately pay a 25% deposit as proof of good faith. Interested parties may inspect the vehicles during standard business hours from Monday to Friday and obtain further details at the Central Bank Headquarters or via telephone.
ISSUE DATE NO. DOC PAGE 1/1 NOTICE BIDDER(S) EFFECTIVE DATE HR DEPARTMENT SUBJECT: PUBLIC AUCTION The Central Bank hereby notifies all interested parties that on Saturday, the 14th of this month, in the premises where this Institution's Archive is located at Praia Nazare (Satom - near Mr. Tiny's Workshop), starting at 9:00 AM, the sale of vehicles by public auction to the highest bidder will take place, subject to the Institution's right not to proceed with the award if the offered prices are unsatisfactory. The vehicles are displayed at the aforementioned location, so interested parties may view them in the days preceding the auction, from Monday to Friday, during normal business hours. The winning bidder is required to pay 25% of the auction value as a bid guarantee and proof of good faith, immediately after the award. Supplementary information may also be obtained at the Central Bank Headquarters, located at Independence Square, or by telephone at 2243700. Central Bank of São Tomé and Príncipe, April 10, 2018. 10/04/2018 10/04/2018 03/2018 Reviewed and Issued Date of Revocation: