MaltaPost plc - Insurance Company

On 11 June 2019, MaltaPost plc announced that in line with its strategy to pursue a business activity within the insurance sector, it has entered into an agreement with APS Bank plc, Atlas Insurance PCC Ltd and GasanMamo Insurance Limited to form a limited liability company which, subject to the relevant regulatory approvals, would be registered as an insurance company to carry out the business of life insurance. MaltaPost also explained that each of the participating company will hold 25% of the equity of the proposed new entity, and that this latest development is expected to have a significant positive impact on MaltaPost’s prospects.