BMIT to buy 49% of MPC at €0.51 per share

The MSE Equity Price Index fell by 0.78% to a 5-month low of 3,742.926 points as the declines in BOV, GO, MIDI, MaltaPost, PG, and Farsons outweighed the gains in Malita. Meanwhile, six other equities closed unchanged. Download today’s Equity Market Summary.

Today, BMIT Technologies plc announced that it entered into a Share Purchase Agreement with Emirates International Telecommunications (Malta) Limited (EITML) to purchase 49,642,139 ordinary shares in the issued share capital of Malta Properties Company plc, which represent 49% of the total issued share capital of MPC and are listed on the Official List of the Malta Stock Exchange. The purchase price was set at €25,317,491 which corresponds to €0.51 per share of MPC being purchased. The transfer of the shares is conditional on the timely fulfilment of a number of conditions precedent.

Malta Properties Company plc closed unchanged at the €0.328 level on two deals totalling 10,500 shares.

Malta International Airport plc held the €5.90 level on one trade of 750 shares. Following the close of trading, MIA announced that passenger movements during June 2025 amounted to 923,374, which is 7.5% higher than the comparable figure of 858,738 registered last year. This was the first time that passenger movements surpassed the 900,000 level in the month of June. The seat load factor for June 2025 stood at 86.8%, which is 0.2 percentage points higher than in June 2024 and represents the highest seat load factor registered in 2025 to date. The passenger movements during the first half of 2025 amounted to 4.54 million, representing an increase of 11.7% over the corresponding period last year.

A trade of 1,178 shares left the share price of HSBC Bank Malta plc unchanged at the €1.35 level.

APS Bank plc traded flat at the €0.54 level as 2,780 shares changed hands.

Hili Properties plc held the €0.24 level on two deals amounting to 56,000 shares.

International Hotel Investments plc remained unchanged at the €0.45 level over trivial volumes.

Meanwhile, Bank of Valletta plc shed 0.5% to the €1.83 level over six trades amounting to 16,988 shares.

GO plc slumped by 4.4% to the €2.60 level on a single deal of 1,500 shares.

MIDI plc fell by 2.9% to a one-month low of €0.20 on two trades totalling 26,000 shares.

MaltaPost plc plummeted by 9.8% to a one-month low of €0.404 on two deals amounting to 2,700 shares.

PG plc declined by 4.9% to a five-year low of €1.76 over four trades totalling 7,200 shares.

Simonds Farsons Cisk plc eased by 0.8% to the €6.10 level across three deals amounting to 309 shares.

On the other hand, Malita Investments plc moved 0.4% higher to the €0.482 level on a single trade of 3,100 shares.

The RF MGS Index increased by 0.04% to 914.357 points. Inflation in Germany during June was confirmed at an eight-month low of 2.0% as anticipated. The decline in inflation was driven by a continued decrease in energy prices as well as a slowdown in the rate of increase in food prices. Elsewhere in the US, weekly jobless claims fell for the fourth consecutive week to a seven-week low of 227,000 compared to expectations of 235,000. Nonetheless, total outstanding unemployment claims rose to a four-year high of 1.97 million.

Today, the Treasury Department established the prices for the two new Malta Government Stocks as follows:

(i) 3.40% MGS 2035 (IV) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.4000% per annum; and

(ii) 3.80% MGS 2040 (II) at 100.00% for every €100 nominal giving a yield-to-maturity of 3.7996% per annum.

The General Public has the possibility of applying for these stocks in multiples of €100 and up to a maximum of €499,900 (nominal) per application. Subscriptions for the General Public open on Monday 14 July 2025 and close on Wednesday 16 July 2025 at 14:30 hrs – or earlier at the discretion of the Accountant General.

For applications in excess of €500,000 (nominal), a tendering process will apply. Tenders in the form of sealed bids will open on Friday 18 July 2025 and close on the same day at 12:00 hrs (noon) – or earlier at the discretion of the Accountant General.

 

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.