Full privatisation of Maltapost

Maltapost is to be completely privatised as government announced that it will be selling its 40 per cent shareholding in the company.

The major shareholder after the privatisation of the postal services is complete will be Lombard Bank. Government will be selling 11 million, two hundred thousand shares at a nominal prices of EUR 0.25 cents each.

The offer is open until 18 January.

Maltapost chairman Dr Joseph Said said that contrary to what people think, Maltapost offers one of the most efficient services around Europe and was classified as the 16th most efficient postal services out of 40 countries surveyed.

Maltapost is to be completely privatised as government announced that it will be selling its 40 per cent shareholding in the company.

The major shareholder after the privatisation of the postal services is complete will be Lombard Bank. Government will be selling 11 million, two hundred thousand shares at a nominal prices of EUR 0.25 cents each.

The offer is open until 18 January.

Maltapost chairman Dr Joseph Said said that contrary to what people think, Maltapost offers one of the most efficient services around Europe and was classified as the 16th most efficient postal services out of 40 countries surveyed.

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