MICHAEL AVERY: The Malta job: how to hollow out a company’s independence and value
The latest scheme involving Prime Kapital and MAS seems to have been the final straw, causing a public outcry
29 April 2025 - 05:00
There are inside deals, and then there is what just nearly happened at MAS Real Estate.
A €291m sweetheart transaction that reeked of self-dealing and strategic capture was seconds from execution, quietly camouflaged under corporate boilerplate about “simplifying structures” and “enhancing liquidity”. If it weren’t for a few brave analysts, some agitated shareholders and a faint pulse of conscience somewhere in the system, it would’ve gone through. ..
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