Mizzi Organisation Finance updates on Is-Suq tal-Belt deal

Approvals obtained for concession transfer

Mizzi Organisation Finance plc has provided a further market update concerning the proposed transfer of interests connected with Is-Suq tal-Belt in Valletta.

Mizzi Organisation Finance plc announced through company announcement MOF110, published on 11 August 2026 at 15:34, that the necessary approvals had been obtained for Arkadia Marketing Limited to transfer its 65-year temporary emphyteutical concession over Is-Suq tal-Belt.

The concession is to be transferred to a subsidiary of Azzopardi Food Group Ltd.

Transaction remains subject to outstanding conditions

While the necessary approvals for the transfer have been obtained, the transaction had not yet been reported as fully completed at the time of the announcement.

Mizzi Organisation Finance said completion remained subject to the fulfilment of the remaining conditions precedent.

The company said completion was expected in the coming weeks, meaning the announcement was a progress update rather than confirmation that the transaction had closed.

Development remains relevant to bondholders

The transaction is relevant to bondholders because Arkadia Marketing Limited is a subsidiary of Mizzi Organisation Limited, one of the guarantors of Mizzi Organisation Finance’s €45 million 3.65% unsecured bonds, redeemable between 2028 and 2031, as disclosed in company announcement MOF67.

Changes involving significant businesses and assets within the broader group can therefore be relevant to bondholders monitoring the financial and corporate position of entities associated with the guarantees.

The company has been providing the market with updates as the relevant transactions progress towards completion.