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Malta Developer Mulls IPO to Finance Libya Projects

25 - أغسطس - 2013

Mediterranean Investments Holding Plc, a Malta-based developer, is considering a 100 million-euro ($132 million) share sale in London to fund homebuilding in Libya while holding talks with private investors.

The company, owned by the Corinthia Group and Kuwait’s National Real Estate Co., has purchased land in the northwestern town of Janzur and plans to build 257 homes, a marina, six cinemas and a retail and entertainment complex early next year, managing director Reuben Xuereb said in a phone interview.

For more details, click www.bloomberg.com/news/2013-07-24/malta-developer-mulls-ipo-to-finance-libya-projects.html