| Past & Current Engagements Privatization of World Trade Center Curaçao De Sola & Kluyver - Financial Solutions was contracted by the Island Government of Curaçao through its privatization foundation StIP to advise and assist in the realization of the first and up to this moment only privatization in Curaçao. It concerned the sale of the shares of the Island Government in the World Trade Center Curaçao (WTC), through an international tender. The 15.000 m2 World Trade Center Curaçao is composed of five principal parts: the conference hall auditorium, the two-story trade mart, the exhibition hall, the four-story business center, and the executive congress center. WTC is located at the seaside across the Marriott Resort Hotel and Sheraton Hotel. De Sola & Kluyver – Financial Solutions delivered the following services: set-up and design of the tender rules and timeframe for the privatization; communicating with all stakeholders; communicating and negotiating with (potential) bidders; set detailed and objective tender criteria based on the main criteria set by the Island Territory of Curaçao (seller); designing the bidding procedure and timeframe; negotiate a legal agreement with the best bidder of the international tender; closing of the deal and transfer of the shares. The result: Still the only sale of shares held by the Government to the private sector in the Netherlands Antilles. The shares were sold to the highest bidder in a transparent process and according to the timeframe set up at the beginning of the process. The new owner of the complex has also committed itself to large investments in the World Trade Center and its surroundings. Back to Past & Current Engagements
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