Maltacom today issued two company announcements related to the its privatisation.
In the first announcement, it was stated that it has been informed by the Privatisation Unit that the Government of Malta has undertaken the first phase of a selection process on the basis of indicative non-binding bids for its 60% equity stake on offer. Following this initial selection process the Government of Malta has shortlisted a number of bidders. Each of the selected bidders will now be expected to undertake its own due diligence exercise on the company.
In another announcement, Maltacom stated that it has appointed Rothschild Spa as its adviser in connection with the sale by the Government of Malta.