MIDI plc - Preliminary Discussions with Tumas Group

Friday, June 22nd, 2018

On 21 June 2018, MIDI plc announced that it has entered into preliminary discussions with Tumas Group Company Limited to explore the possibility of establishing a joint venture with respect to the development of Manoel Island. The discussions are at a preliminary stage and may or may not result in a transaction.

As such, any eventual agreement will be subject to MIDI’s contractual obligations with the Government of Malta and any necessary regulatory and share approvals in terms of law.

Print This Page Print This Page