Vienna Airport, the biggest shareholder of Malta International Airport, has made an offer to buy the stake in MIA held by Canadian company SNC Lavalin Inc.

Since the privatisation of Malta Airport in 2002, 40% of the shareholding has been held by the consortium company Malta Mediterranean Link Consortium Limited, in which Flughafen Wien AG has a 57.1% holding via its subsidiary VIE (Malta) Limited.

Flughafen Wien holds a further 10.1% of the shares in Malta Airport through VIE (Malta) Limited. At present, Flughafen Wien AG's total holding in Malta Airport equals 32.94%.

"The objective of Flughafen Wien AG in making this offer to acquire SNC Lavalin Inc’s stake in this joint consortium company is to increase its total holding in Malta Airport by a further 15.5%," Vienna Airort said.

"If this offer were accepted, Flughafen Wien AG's total holding in Malta Airport would reach more than 48%. The precise structure of the transaction has yet to be decided. The purchase price offered is €3.00 per share. Upon successful completion of the transaction its total value would amount to approximately €63 million. In case of a positive conclusion of the final negotiations, the closing can be expected within the next six month." 

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