Malta International Airport plc - SNC Lavalin Shareholding

On 28 November, Malta International Airport plc issued an announcement notifying the market that it has been informed that SNC-Lavalin is currently in discussions with third parties for the disposal of its 38.75% stake in Malta Mediterranean Link Consortium Limited  which in turn owns 40% of the shares in MIA.

In a separate announcement, the Company also announced that Mr Michael Hoeferer resigned from his position as Chairman of MIA in view of a change in his functions as an executive of Vienna International Airport. Nonetheless, Mr Hoeferer will be retaining his directorship at MIA. Subsequently, the Board of Directors appointed Mr Nikolaus Gretzmacher as Chairman of MIA who is already a director.