Lombard Bank Malta plc - Acquisition of a 35% stake in Maltapost plc

Lombard Bank Malta plc and Transend Worldwide Limited of New Zealand have reached an agreement whereby Lombard Bank Malta plc has effectively acquired 35% shareholding in Maltapost plc.

Lombard Bank considers this investment to be of strategic importance which should result in added value to the stakeholders of both the Bank and Maltapost.

Approval for the said acquisition has been granted by the Malta Financial Services Authority.

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