Öffentliche Ausschreibung Bayreuth 2024 Deutschland – Seefrachtverkehr – Provision of a Platform Supply Vessel (PSV) 2024-08-23

1.1.

Beschaffer

Offizielle Bezeichnung: TenneT Offshore GmbH

Tätigkeit des Auftraggebers: Mit Strom zusammenhängende Tätigkeiten

2.1.

Verfahren

Titel: Provision of a Platform Supply Vessel (PSV)

Beschreibung: TenneT is requires a reliable, trustworthy and highly professional provider of Platform Supply Vessels (PSV) and crew to conclude a multiple year charter contract for the initial duration: 15.04.2025-28.02.2030 plus 3 options of 1 year extensions each. (almost 8 years in total). Purpose of the PSV, as integral part of TenneT's logistics chain, is to conduct supply tours to TenneT's offshore platforms in the German North Sea. It is to ensure the provision of the Client's platforms with maintenance material, food/provisions, and consumables as well as for disposal services. The main load of the vessel will be certified offshore containers, break bulk cargo and various liquids. The minimum requirements for the required PSV are as follows: - Vessel type: Platform Supply Vessel (PSV) - Dynamic Positioning (DP): Class 2 - Flag: Paris MoU White-listed - Class Society: IACS Member - Automatic Identification System (AIS) and radar - Deck space: min. 1.000 m² (free from obstructions, vertically reachable and useable for cargo handling and stowage). - Year of construction: not older than year 2007 (if the keel laying date was more than 24 months before the date of delivery of the Vessel, then the keel laying date shall be applicable for evaluation of the vessel age) - Draught: max. 8 m - Minimum no. of reefer connections (440 volts) for constant cooling of reefer containers: 12 - Tank capacities (for client’s usage only): DRINKING WATER: min. 300 m³, divided into at least two tanks with a min. capacity of 60 m³. Pump rate of 0-200 cbm/h is required. WASTE WATER: min. 300 m³. BILGE WATER: min. 300 m³. MARINE GAS OIL (MGO): min. 400 m³ divided into two tanks of min. 200 m³ each (to be proven by tank arrangement plan indicating the tanks for vessel’s own usage and clients usage). Pump rate of 0-200 cbm/h is required. The application for the call for competition must be submitted in due time and no later than by 13.09.2024 at 12:00 CET via the e-Award platform Mercell Source-to-Contract. Individual extensions of time will not be granted. Submission of the request to participate (applications) by Email, mail or fax are not permitted. A violation of this requirement will lead to disqualification of the applicant and exclusion from the tender process. In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: dominik.schellhase@tennet.eu. After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents for the call for competition phase as well as the offer phase under "Questionnaires", section "Call for Competition", question 1.2.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase.

Kennung des Verfahrens: 91ee4a06-aad6-4b93-ae0d-a39de65c881b

Interne Kennung: PSV 2024

Verfahrensart: Verhandlungsverfahren mit vorheriger Veröffentlichung eines Aufrufs zum Wettbewerb/Verhandlungsverfahren

Das Verfahren wird beschleunigt: nein

2.1.1.

Zweck

Art des Auftrags: Dienstleistungen

Haupteinstufung (cpv): 60640000 Seefrachtverkehr

Zusätzliche Einstufung (cpv): 60651600 Einsatz von Offshore-Versorgungsschiffen, 76522000 Dienstleistungen von Offshore-Versorgungsschiffen

2.1.2.

Erfüllungsort

Land, Gliederung (NUTS): Extra-Regio NUTS 3 (DEZZZ)

Land: Deutschland

Zusätzliche Informationen: See tender documentation - Area of supply is the German North Sea/German Bight where TenneT's offshore assets are located.

2.1.3.

Wert

Geschätzter Wert ohne MwSt.: 100 000 000,00 EUR

Höchstwert der Rahmenvereinbarung: 100 000 000,00 EUR

2.1.4.

Allgemeine Informationen

Zusätzliche Informationen: #Besonders geeignet für:selbst# In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: dominik.schellhase@tennet.eu. After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents for the call for competition phase as well as the offer phase under "Questionnaires", section "Call for Competition", question 1.2.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase. * The application documents must be submitted in digital form (in a standardised data format, e.g. PDF and MS Office format) exclusively via the Mercell platform. Pre-submission of application documents by email, fax or mail is not permitted and will lead to disqualification of the applicant and exclusion from the tender process. * The application for the call for competition must be submitted in due time and no later than by 06.09.2024 at 12:00 CET via the e-Award platform Mercell. Individual extensions of time will not be granted. * Requests to participate must be submitted in full by above deadline exclusively via Mercell in the sections provided for this purpose. Please use all forms provided on the Mercell online platform, which must be submitted with the tender application. Tender applications that are submitted late cannot be considered. Incomplete documents will lead to exclusion from the tender. * Number of candidates invited to participate in the negotiations: 3 The selection of the 3 candidates to be invited for negotiations after the submission of offers will be based on the above award criteria in accordance with Section 5.1.10 applied on the offer documents submitted by the bidders. The evaluation of the subsequently finalized bids for the contract award will also be based on the above award criteria. * In accordance with § 57 SektVO, the contracting authority is authorised to discontinue the award procedure at any time. * The estimated total maximum value of any call-offs under this framework agreement is EUR 100,000,000.00 (see section 2.1.3. “Value”). For the avoidance of misunderstandings, it is emphasized that this is merely an estimated value, taking into account all options and "worst-case" scenarios, which does not justify any claims against TenneT for call-offs up to the aforementioned maximum value. The value stated is purely indicative and must not be used as a commercial guideline when submitting an offer. * The award of the contract is subject to changes in the legal and/or regulatory framework, rules and regulations in force at the time of publication of this announcement. * The exercise of any call-offs under this framework agreement is subject to the proviso that the necessary approvals for the realisation of the projects have been obtained or the corresponding projects in the network development plan have been finally confirmed. * Companies affiliated with the contracting authority within the meaning of §§ 15 ff. AktG (even if they are only founded after conclusion of the framework agreement). Call-offs under this agreement are made in particular by the contracting authority (TenneT Offshore GmbH) and/or one of its affiliated companies, this is fruther described in the tender documentation. * The Principal is authorised to transfer the rights and obligations of the subject matter of the contract as a whole to a project company (Special Purpose Vehicle/NewCo), irrespective of whether third parties have already participated as shareholders in this project company or will only participate in such a company after any transfer of this Framework Agreement. * Technical questions regarding the use of Mercell can be addressed directly to the Mercell ServiceDesk: E-mail: support-nl@mercell.com Telephone: +31 (0)85-001 4593 Availability: 9:00 to 17:00 * Methodology for the general evaluation of offers and BAFO offers For each criterion - except for the evaluation criterion "price", which will be dealt with separately - a comparative evaluation will be carried out and the bidders will be ranked according to their performance within this criterion. The ranking is then multiplied by the weighting of the respective criterion. The weighted rankings of all criteria are added together. The bidder with the best overall ranking is deemed to be the most economically favourable bidder and will be awarded with the first place. Price: To emphasize the importance of sustainability, TenneT will reward vessels with low emissions with a notional discount of EUR 150,00 per ton of saved emissions on their offered day rate during the evaluation of the offers. For this, the eco consumption value provided by the bidder in the price sheet (Annex 3) during the offer phase will be used to create a comparison value based on consumption per nautical mile and m² deck space. This value will then be used to allow for a scaled and weighted comparison of all bidders against the value based on the historic CO2 emissions reported for 2023 by the previous vessel provider in order to achieve a fair and equal competition. The price criterion is based on the following evaluation of the bids/offers: The bid with the lowest bid price will be ranked at 1.00. Any bid that exceeds 2 times the lowest bid price will be awarded the last rank, which always corresponds to the number of bids submitted and evaluated. The evaluation of the bid prices which lie in between is carried out by means of linear interpolation with up to two decimal digits. This applies to both, the selection of candidates to conduct the negotiations with (evaluation based on the initial offer documents) as well as the later awarding of the contract to the winning candidate (evaluation based on BAFO documents). Contractual conditions: The negotiation results within the framework of the award procedure are evaluated with regard to the final distribution of contractual risks to the disadvantage of the TenneT in comparison to TenneT's draft. If there are no specifications from TenneT, the results of the negotiations are assessed comparatively. Technical Ability & Availability: The results of the negotiations within the framework of the award procedure are evaluated with regard to the final concept submitted by the bidders in terms of the overall service design in all areas required by TenneT. The results of the negotiations are evaluated comparatively. * Note on Review Procedure: Applicants/bidders must complain about violations of procurement law in compliance with the provisions of Section 160 (3) ARC - Act against Restraints of Competition (GWB – Gesetz gegen Wettbewerbsbeschraenkung). An application for review is inadmissible pursuant to Section 160 (3) ARC if 1. the applicant has recognised the alleged violation of procurement law before filing the application for review and has not notified the contracting authority within a period of ten calendar days; the expiry of the time limit pursuant to Section 134 (2) ARC remains unaffected, 2. infringements of procurement law which are apparent from the EU notice are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders stated in the notice, 3. infringements of procurement law which are only apparent in the tender documents are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders, 4. more than 15 calendar days have elapsed after receipt of the contracting authority's notification that it does not intend to remedy a complaint.

Rechtsgrundlage:

Richtlinie 2014/25/EU

sektvo -

2.1.6.

Ausschlussgründe

Der Zahlungsunfähigkeit vergleichbare Lage gemäß nationaler Rechtsvorschriften: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Korruption: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Beteiligung an einer kriminellen Vereinigung: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Vereinbarungen mit anderen Wirtschaftsteilnehmern zur Verzerrung des Wettbewerbs: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Verstoß gegen umweltrechtliche Verpflichtungen: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Geldwäsche oder Terrorismusfinanzierung: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Betrugsbekämpfung: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Kinderarbeit und andere Formen des Menschenhandels: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Zahlungsunfähigkeit: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Verstoß gegen arbeitsrechtliche Verpflichtungen: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Verwaltung der Vermögenswerte durch einen Insolvenzverwalter: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Falsche Angaben, verweigerte Informationen, die nicht in der Lage sind, die erforderlichen Unterlagen vorzulegen, und haben vertrauliche Informationen über dieses Verfahren erhalten.: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Interessenkonflikt aufgrund seiner Teilnahme an dem Vergabeverfahren: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Direkte oder indirekte Beteiligung an der Vorbereitung des Vergabeverfahrens: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Schwere Verfehlung im Rahmen der beruflichen Tätigkeit: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Vorzeitige Beendigung, Schadensersatz oder andere vergleichbare Sanktionen: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Verstoß gegen sozialrechtliche Verpflichtungen: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Zahlung der Sozialversicherungsbeiträge: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Einstellung der gewerblichen Tätigkeit: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Entrichtung von Steuern: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

Terroristische Straftaten oder Straftaten im Zusammenhang mit terroristischen Aktivitäten: § 123 and §124 Restraint of Competition Act (“GWB”) apply.

5.1.

Los: LOT-0000

Titel: Provision of a Platform Supply Vessel (PSV)

Beschreibung: TenneT is requires a reliable, trustworthy and highly professional provider of Platform Supply Vessels (PSV) and crew to conclude a multiple year charter contract for the initial duration: 15.04.2025-28.02.2030 plus 3 options of 1 year extensions each. (almost 8 years in total). Purpose of the PSV, as integral part of TenneT's logistics chain, is to conduct supply tours to TenneT's offshore platforms in the German North Sea. It is to ensure the provision of the Client's platforms with maintenance material, food/provisions, and consumables as well as for disposal services. The main load of the vessel will be certified offshore containers, break bulk cargo and various liquids. The minimum requirements for the required PSV are as follows: - Vessel type: Platform Supply Vessel (PSV) - Dynamic Positioning (DP): Class 2 - Flag: Paris MoU White-listed - Class Society: IACS Member - Automatic Identification System (AIS) and radar - Deck space: min. 1.000 m² (free from obstructions, vertically reachable and useable for cargo handling and stowage). - Year of construction: not older than year 2007 (if the keel laying date was more than 24 months before the date of delivery of the Vessel, then the keel laying date shall be applicable for evaluation of the vessel age) - Draught: max. 8 m - Minimum no. of reefer connections (440 volts) for constant cooling of reefer containers: 12 - Tank capacities (for client’s usage only): DRINKING WATER: min. 300 m³, divided into at least two tanks with a min. capacity of 60 m³. Pump rate of 0-200 cbm/h is required. WASTE WATER: min. 300 m³. BILGE WATER: min. 300 m³. MARINE GAS OIL (MGO): min. 400 m³ divided into two tanks of min. 200 m³ each (to be proven by tank arrangement plan indicating the tanks for vessel’s own usage and clients usage). Pump rate of 0-200 cbm/h is required. The application for the call for competition must be submitted in due time and no later than by 13.09.2024 at 12:00 CET via the e-Award platform Mercell Source-to-Contract. Individual extensions of time will not be granted. Submission of the request to participate (applications) by Email, mail or fax are not permitted. A violation of this requirement will lead to disqualification of the applicant and exclusion from the tender process. In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: dominik.schellhase@tennet.eu. After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents for the call for competition phase as well as the offer phase under "Questionnaires", section "Call for Competition", question 1.2.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase.

Interne Kennung: PSV 2024

5.1.1.

Zweck

Art des Auftrags: Dienstleistungen

Haupteinstufung (cpv): 60640000 Seefrachtverkehr

Zusätzliche Einstufung (cpv): 60651600 Einsatz von Offshore-Versorgungsschiffen, 76522000 Dienstleistungen von Offshore-Versorgungsschiffen

5.1.2.

Erfüllungsort

Land, Gliederung (NUTS): Extra-Regio NUTS 3 (DEZZZ)

Land: Deutschland

Zusätzliche Informationen: See tender documentation - Area of supply is the German North Sea/German Bight where TenneT's offshore assets are located.

5.1.3.

Geschätzte Dauer

Datum des Beginns: 15/04/2025

Enddatum der Laufzeit: 28/02/2030

5.1.4.

Verlängerung

Maximale Verlängerungen: 3

Der Erwerber behält sich das Recht vor, zusätzliche Käufe vom Auftragnehmer zu tätigen, wie hier beschrieben: TenneT may extend the term of the Agreement by three (3) periods of one (1) year, resulting in a maximum overall contract duration of almost eight (8) years.

5.1.5.

Wert

Geschätzter Wert ohne MwSt.: 100 000 000,00 EUR

Höchstwert der Rahmenvereinbarung: 100 000 000,00 EUR

5.1.6.

Allgemeine Informationen

Vorbehaltene Teilnahme: Teilnahme ist nicht vorbehalten.

Auftragsvergabeprojekt nicht aus EU-Mitteln finanziert

Die Beschaffung fällt unter das Übereinkommen über das öffentliche Beschaffungswesen: ja

Diese Auftragsvergabe ist auch für kleine und mittlere Unternehmen (KMU) geeignet

Zusätzliche Informationen: #Besonders geeignet für:selbst# In order to protect the confidentiality of the information provided by the client in the tender documents, it is mandatory to conclude a confidentiality Agreement as per "NDA" document provided for download via Mercell. Please send the signed and stamped copy to: dominik.schellhase@tennet.eu. After sending the NDA and a plausibility check by the Client, the Client will grant the interested parties access to the tender by Email. After registering for the tender at Mercell Source-to-Contract, you will find all tender documents for the call for competition phase as well as the offer phase under "Questionnaires", section "Call for Competition", question 1.2.1. The bidder can not deduce eligibility for participation only from signing and submitting the NDA. TenneT will only accept tenderers who successfully qualify during the call for competition phase to participate in the offer phase. * The application documents must be submitted in digital form (in a standardised data format, e.g. PDF and MS Office format) exclusively via the Mercell platform. Pre-submission of application documents by email, fax or mail is not permitted and will lead to disqualification of the applicant and exclusion from the tender process. * The application for the call for competition must be submitted in due time and no later than by 06.09.2024 at 12:00 CET via the e-Award platform Mercell. Individual extensions of time will not be granted. * Requests to participate must be submitted in full by above deadline exclusively via Mercell in the sections provided for this purpose. Please use all forms provided on the Mercell online platform, which must be submitted with the tender application. Tender applications that are submitted late cannot be considered. Incomplete documents will lead to exclusion from the tender. * Number of candidates invited to participate in the negotiations: 3 The selection of the 3 candidates to be invited for negotiations after the submission of offers will be based on the above award criteria in accordance with Section 5.1.10 applied on the offer documents submitted by the bidders. The evaluation of the subsequently finalized bids for the contract award will also be based on the above award criteria. * In accordance with § 57 SektVO, the contracting authority is authorised to discontinue the award procedure at any time. * The estimated total maximum value of any call-offs under this framework agreement is EUR 100,000,000.00 (see section 2.1.3. “Value”). For the avoidance of misunderstandings, it is emphasized that this is merely an estimated value, taking into account all options and "worst-case" scenarios, which does not justify any claims against TenneT for call-offs up to the aforementioned maximum value. The value stated is purely indicative and must not be used as a commercial guideline when submitting an offer. * The award of the contract is subject to changes in the legal and/or regulatory framework, rules and regulations in force at the time of publication of this announcement. * The exercise of any call-offs under this framework agreement is subject to the proviso that the necessary approvals for the realisation of the projects have been obtained or the corresponding projects in the network development plan have been finally confirmed. * Companies affiliated with the contracting authority within the meaning of §§ 15 ff. AktG (even if they are only founded after conclusion of the framework agreement). Call-offs under this agreement are made in particular by the contracting authority (TenneT Offshore GmbH) and/or one of its affiliated companies, this is fruther described in the tender documentation. * The Principal is authorised to transfer the rights and obligations of the subject matter of the contract as a whole to a project company (Special Purpose Vehicle/NewCo), irrespective of whether third parties have already participated as shareholders in this project company or will only participate in such a company after any transfer of this Framework Agreement. * Technical questions regarding the use of Mercell can be addressed directly to the Mercell ServiceDesk: E-mail: support-nl@mercell.com Telephone: +31 (0)85-001 4593 Availability: 9:00 to 17:00 * Methodology for the general evaluation of offers and BAFO offers For each criterion - except for the evaluation criterion "price", which will be dealt with separately - a comparative evaluation will be carried out and the bidders will be ranked according to their performance within this criterion. The ranking is then multiplied by the weighting of the respective criterion. The weighted rankings of all criteria are added together. The bidder with the best overall ranking is deemed to be the most economically favourable bidder and will be awarded with the first place. Price: To emphasize the importance of sustainability, TenneT will reward vessels with low emissions with a notional discount of EUR 150,00 per ton of saved emissions on their offered day rate during the evaluation of the offers. For this, the eco consumption value provided by the bidder in the price sheet (Annex 3) during the offer phase will be used to create a comparison value based on consumption per nautical mile and m² deck space. This value will then be used to allow for a scaled and weighted comparison of all bidders against the value based on the historic CO2 emissions reported for 2023 by the previous vessel provider in order to achieve a fair and equal competition. The price criterion is based on the following evaluation of the bids/offers: The bid with the lowest bid price will be ranked at 1.00. Any bid that exceeds 2 times the lowest bid price will be awarded the last rank, which always corresponds to the number of bids submitted and evaluated. The evaluation of the bid prices which lie in between is carried out by means of linear interpolation with up to two decimal digits. This applies to both, the selection of candidates to conduct the negotiations with (evaluation based on the initial offer documents) as well as the later awarding of the contract to the winning candidate (evaluation based on BAFO documents). Contractual conditions: The negotiation results within the framework of the award procedure are evaluated with regard to the final distribution of contractual risks to the disadvantage of the TenneT in comparison to TenneT's draft. If there are no specifications from TenneT, the results of the negotiations are assessed comparatively. Technical Ability & Availability: The results of the negotiations within the framework of the award procedure are evaluated with regard to the final concept submitted by the bidders in terms of the overall service design in all areas required by TenneT. The results of the negotiations are evaluated comparatively. * Note on Review Procedure: Applicants/bidders must complain about violations of procurement law in compliance with the provisions of Section 160 (3) ARC - Act against Restraints of Competition (GWB – Gesetz gegen Wettbewerbsbeschraenkung). An application for review is inadmissible pursuant to Section 160 (3) ARC if 1. the applicant has recognised the alleged violation of procurement law before filing the application for review and has not notified the contracting authority within a period of ten calendar days; the expiry of the time limit pursuant to Section 134 (2) ARC remains unaffected, 2. infringements of procurement law which are apparent from the EU notice are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders stated in the notice, 3. infringements of procurement law which are only apparent in the tender documents are not notified to the contracting authority at the latest by the expiry of the time limit for application or submission of tenders, 4. more than 15 calendar days have elapsed after receipt of the contracting authority's notification that it does not intend to remedy a complaint.

5.1.7.

Strategische Auftragsvergabe

Ziel der strategischen Auftragsvergabe: Keine strategische Beschaffung

Beschreibung: Not applicable.

Gefördertes soziales Ziel: Faire Arbeitsbedingungen

Gefördertes soziales Ziel: Gleichstellung der Geschlechter

Gefördertes soziales Ziel: Sorgfaltspflicht im Bereich der Menschenrechte in globalen Wertschöpfungsketten

Gefördertes soziales Ziel: Gleichstellung von ethnischen Gruppen

5.1.9.

Eignungskriterien

Kriterium:

Art: Wirtschaftliche und finanzielle Leistungsfähigkeit

Bezeichnung: Minimum revenue & Annual business reports

Beschreibung: Please provide evidence of economic and financial capacity by the submission a self-declaration (template provided) on your average minimum revenue and the annual business reports (min. company balance sheet/profit and loss account) of the past 3 closed financial years. In particular, proof of an average minimum revenue of EUR 10,000,000.00 per year must be provided for the past three closed financial years. In the case of a bidder consortium, the aforementioned revenue is based on the cumulative turnover of the consortium partners. For each individual bidder or consortium partner, the total turnover of the group is deemed to be 100% owned by the group parent company.