Marsamxett Properties Ltd., part of Hili Ventures, has announced plans to make a public offer to buy all remaining shares of Tigné Mall p.l.c., which operates The Point shopping mall in Sliema.

In a statement released on Wednesday (today), Hili Ventures declared its intention to “make a voluntary public offer for the share capital” of the company, effectively taking it private.

Marsamxett Properties already owns 49.68 per cent of the company and is now aiming to purchase the rest from the public at a fixed price.

Tigné Mall's Board was informed of the offer on 10th September 2024.

In a company announcement, Hili Ventures said details about the price and conditions will be shared soon.

In November 2023, Hili Ventures, through Marsamxett Properties Ltd increased its stake in Tigné Mall plc to 31.63 per cent following its  acquisition of BOV’s shares in the company in earlier that month, having previously acquired a 12.81 per cent shareholding from HSBC Bank in October. 

Hili Ventures operates across various sectors, including real estate, food, retail, and technology.