09 March 2005

The Web

No banks approached on BOV share sale
Government has reacted to local and foreign media reports, which, quoting Capitalia CEO Matteo Arpe as saying that negotiations for the sale of Banco di Sicilia shares in Bank of Valletta are ‘at an advanced stage’. Banco di Sicilia is a subsidiary of Capitalia.
In a tersely-worded statement, government explains, “At this stage, no banks have yet been approached.”
government clarified that following the appointment of Rothschild S.p.A. as financial advisor the process is underway and that preparatory work on an Information Memorandum is “in hand”.

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