he Malta Financial Services Authority has approved Hili Properties Company’s Prospectus for its upcoming Initial Public Offering on the Malta Stock Exchange, the company announced on Tuesday.

At a meeting held yesterday, the MFSA approved the Prospectus relating to the IPO and the admissibility to listing of the company’s shares in line with the Capital Markets Rules.

Hili Properties Company’s IPO is expected to see it issue 185,185,185 shares at €0.27 each, with a total value of €50 million.

Hili Properties owns and manages strategic commercial real estate for lease in the Baltics (Estonia, Latvia and Lithuania), as well as Malta and Romania, with a total value of more than €115 million.

It said that further announcements as regarding the availability of the Prospectus will be made shortly.