Marsamxett Properties Ltd., a Hili Ventures company, announces public bid for Tigné Mall p.l.c. shares

Marsamxett Properties Ltd., a subsidiary of Hili Ventures, has announced its intention to make a voluntary public offer for the share capital of Tigné Mall p.l.c.

Marsamxett Properties Ltd. currently holds just over 49.68% of the issued share capital of Tigné Mall p.l.c., the publicly-listed company that manages and operates The Point shopping mall in Sliema. Through its bid, it will offer to buy the remainder of the shares currently held by members of the public and listed on the Malta Stock Exchange at a fixed price.

The Board of Directors of Tigné Mall p.l.c. was officially informed of Marsamxett Properties Ltd.’s intention to launch a conditional voluntary public takeover bid on September 10, 2024.

Details of the offer, including the buying price and terms and conditions, will be communicated to the public over the coming days, pursuant to the publication of the Offer Document.

Hili Ventures is a diversified group active in food service, retail, real estate, hospitality, shipping, oil and gas, engineering, and technology. Through its various subsidiaries, the group owns a vast portfolio of commercial real estate assets across Europe, including shopping centres, healthcare facilities and office buildings.