Merkanti Holding plc - Acquisition of Sparkasse

On 7 March 2022, Merkanti Holding plc (“Merkanti”) announced that it entered into an agreement for the acquisition of Sparkasse (Holdings) Malta Ltd (“Sparkasse”). Upon closing of this transaction (which is expected to take place in H2 2022), and subject to regulatory approval, Merkanti intends to merge Sparkasse Bank and Merkanti Bank in order to form a single institution with combined Own Funds of circa €60 million, total assets of €1.1 billion, assets under custody of €8.5 billion, and revenues of €17 million.