Malta International Airport plc - Flughafen Wien AG buys-out SNCL Malta

Monday, April 4th, 2016

On 1 April, Malta International Airport plc announced that the conditions for the transfer of the 38.75% stake in Malta Mediterranean Link Consortium Limited (“MMLC”), which in turn has a 40% stake in MIA, from SNC-Lavalin Group Inc. to VIE (Malta) Limited have now been fulfilled and therefore the transaction has been concluded. The total value of the transaction amounts to approximately €64 million, equivalent to €3.00 per MIA share plus adjustments to net working capital.

Following this transaction, VIE (Malta) Limited (“VIE”), which is ultimately owned by Flughafen Wien AG – the operator of the Vienna Airport – will increase its shareholding in MMLC to 95.85%. As a consequence, the total direct and indirect interest of VIE in MIA will increase from 32.94% to 48.44%.

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