MALTA INTERNATIONAL AIRPORT plc. - APPOINTMENT OF A PRIVATISATION ADVISOR

As already announced the Government intends to privatise Malta International Airport plc. Late last year, the Privatisation Unit set up an Ad-Hoc Committee to appoint a Privatisation Advisor.

After a few weeks of preliminary work, on the advice of World Bank experts the Committee set out to appoint a Privatisation Advisor to help it identify the best approach to privatise and also assist in the whole process of the exercise. To this end a call was issued in the international Press inviting interested institutions to submit proposals to help the Unit identify the best approach to privatise the Company and also assist in the whole process of the exercise.

Early in December fourteen replies were received and after an evaluation of the documents received by the Committee, nine were invited to a viva voce presentation and discussion. After careful evaluation the Committee short-listed three of these institutions and following further clarifications and negotiations an agreement is now finalised.

The Consortium appointed as advisors for the privatisation of Malta International Airport plc is made up of BNP Paribas as lead advisors, Bank of Valletta, Advocates Micallef and MPD Group. The Accountants and Auditors for this exercise are KPMG.