BMIT Technologies plc has agreed a deal to acquire a 49 per cent stake in Malta Properties Company, subject to regulatory approval.
The deal, announced on Saturday, is valued at €25.3 million and will see BMIT strengthen its footprint in Malta’s digital infrastructure landscape.
Under its terms, BMIT will purchase 49,642,139 ordinary shares in MPC at €0.51 per share. This shareholding represents nearly half of MPC’s issued capital and includes key infrastructure assets that support Malta’s telecommunications and technology sectors.
BMIT is a subsidiary of GO plc, which is in turn owned by Tunisie Telecom. It provides data centre and cloud services.
Malta Properties Company owns a mix of office buildings, industrial properties and development sites across Malta, many of which serve key functions for telecoms and ICT operations.
The company was spun off from GO pls in 2015, when it became a publicly listed company on the Malta Stock Exchange in its own right.
BMIT Technologies chairman Nikhil Patil, who is also CEO of its parent company GO, said the acquisition would allow the company to “secure a stronger and more direct influence over critical digital infrastructure.”
“This acquisition aligns perfectly with our long-term vision of integrating digital infrastructure with technology-driven services,” Patil said.
Christian Sammut, CEO of BMIT Technologies, commented: “This is a transformative step for BMIT Technologies. By acquiring a substantial shareholding in MPC, we are not just investing in property—we are investing in the infrastructure that underpins Malta’s digital future. The combination of our technical expertise with MPC’s asset base presents new opportunities for synergies, innovation, and long-term growth.”
The transaction is contingent on several conditions precedent, including regulatory clearance and shareholder approval.
BMIT Technologies’ board of directors unanimously approved the transaction following a detailed review by the company’s audit committee.