Bank of Valletta plc - Privatisation

A Company Announcement issued by Bank of Valletta this morning states that “by its letter dated 8th October 2004 the Government's Privatisation Unit informed Bank of Valletta plc that the Government of Malta and Banco di Sicilia spa have signed a Memorandum of Understanding in terms of which they have agreed to initiate a process leading to the joint appointment of an independent financial advisor and the joint sale of their shareholding in Bank of Valletta plc to a strategic investor”.

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