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General

Melita prepares bid to acquire Vodafone Malta - report

Wednesday 22 March 2017 | 15:52 CET | News
Melita is preparing a bid to acquire Vodafone Malta, writes local paper Times of Malta citing industry sources. Behind the move is Apax Partners, the French firm that acquired a majority shareholding in Melita in February 2016. News of Apax's plan to acquire Vodafone Malta first appeared in industry journal TMT Finance citing unnamed sources. Both Apax and Vodafone Malta did not wish to comment this piece of information. The journal quoted unnamed sources saying Apax was in talks with a number of banks about a loan deal to back the acquisition.

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Categories: General
Companies: Melita / Vodafone Malta
Countries: Malta
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