Hailey Borg
Hili Ventures has revealed plans to launch a voluntary public offer for the entire share capital of Tigné Mall p.l.c.
The conglomerate, known for operating McDonald’s franchises in Malta and parts of Eastern Europe, as well as redeveloping the Comino Hotel, currently owns over 49.6% of Tigné Mall’s shares through its subsidiary, Marsamxett Properties.
With this bid, Hili Ventures intends to acquire the remaining publicly held shares listed on the Malta Stock Exchange at a set price.
The board of Tigné Mall was officially notified on September 10 of Marsamxett Properties’ plans to initiate a conditional voluntary public takeover offer.
Details, including the offer price and terms, will be disclosed to the public soon, following the release of the Offer Document.
In November 2023, Hili Ventures increased its stake in Tigné Mall by acquiring an additional €16 million in shares, raising its total shareholding in the prominent shopping destination to 31%.
As a strategic investor in commercial real estate, Hili Ventures manages a portfolio valued at €236 million, which includes assets in Malta, Romania, and the Baltics, ranging from McDonald’s outlets and retail centers to business blocks, an industrial plant, and a hospital.
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