Mediterranean Maritime Hub Finance plc has confirmed that talks with its previously announced prospective investor group have collapsed, while a separate consortium of local investors has now presented a concrete offer to invest in the company. The update was published in a company announcement on Thursday, marking a significant shift in MMH’s ongoing efforts to stabilise its financial position ahead of its €15 million unsecured bond maturing in October 2026.

The board said it had informed the earlier investor group that MMH is “not in a position to proceed with discussions.” The conclusion, according to the company, follows “in-depth consideration” of recent exchanges, including commercial terms, operational implications and the broader context in which any transaction would need to be implemented.

In the same update, MMH said it had been informed that MMH Holdings Ltd and the group’s ultimate beneficial owners have received a “concrete offer from third-party local investors” willing to invest alongside existing shareholders. Importantly, the company stated that this new proposal would prioritise the repayment of the bond upon its maturity — including all interest due up to October 2026. Further details will be provided in the coming days, the board added.

MMH also reiterated that it intends to publish its long-overdue Annual Financial Statements for 2024 and its Interim Financial Statements for the first half of 2025 before issuing any additional updates on the investor process. The absence of these reports has been central to the prolonged uncertainty surrounding the company, after MMH failed to meet multiple reporting deadlines earlier this year.

The Malta Financial Services Authority suspended trading in MMH’s bonds in May 2025 after the company missed its statutory deadline for submitting audited financials. Since then, delays attributed to due diligence processes with prospective investors have prompted heightened concern among bondholders, particularly given the unsecured nature of the 2026 bond.

Today’s announcement does not provide financial details of the new investor offer, nor does it indicate whether the proposal involves an equity injection, restructuring or other form of participation. However, the explicit reference to prioritising bond repayment is the clearest assurance MMH has offered to date regarding its plans for the October 2026 redemption.

As in previous company statements, MMH emphasised that its operating subsidiary, MMH Malta Ltd, remains “fully operational and committed to servicing its customers as normal.”