BMIT Technologies plc shareholders have overwhelmingly approved a strategic €25.3 million investment in Malta Properties Company plc (MPC), securing a 49% stake in the business. The move was given the green light at an Extraordinary General Meeting this week, with more than 99% voting in favour.
The acquisition marks a major step in BMIT’s long-term strategy to expand its digital infrastructure footprint and diversify its revenue streams. By taking on nearly half of MPC, BMIT will gain indirect ownership of a portfolio of high-profile properties leased to blue-chip tenants under long-term contracts.
“This investment in MPC is a strategic leap forward,” said BMIT CEO Christian Sammut. “It aligns with our vision, enhances our financial profile, and positions BMIT for sustainable growth in a rapidly evolving digital landscape.”
BMIT described the move as a way to create immediate value for shareholders while also securing access to income-generating assets that strengthen its standing as Malta’s premier digital infrastructure provider.
MPC’s portfolio, combined with BMIT’s expertise in hybrid IT solutions, cyber resilience, and mission-critical operations, is expected to boost the company’s role in supporting Malta’s fast-growing digital economy.
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