GlobalCapital plc - Proposed Acquisition of Med Bank plc

On 18 April GlobalCapital announced that it agreed to acquire 85.5% of Medifin Holding Limited which in turn holds 99.9% of the issued share capital of Mediterranean Bank plc. Mediterranean Bank mainly provides private banking, in particular portfolio and wealth management services. It is licensed by the Malta Financial Services Authority to carry on the business of banking and to provide investment services. The acquisition is subject to regulatory approvals and completion of the due diligence process.