Sven von der Heyden has become the sole owner and ultimate beneficiary of Von der Heyden Group after a deal was completed to buy shares from an Ireland-registered company.

The move was first announced last October, when Von der Heyden Group Finance plc, the Malta-based finance company of the group, announced that it signed an agreement that involves Malta-registered Timan Investment Holdings Ltd buying its own shares.

The shares amount to a 14.58 per cent stake, and were owned by Ireland-registered Trusthigh Holdings Ltd.

Timan Investment Holdings Ltd is Von der Heyden Group Finance’s parent company, and the guarantor for the €35 million unsecured bonds issued in 2022.

Von der Heyden Group is a real estate group that has investments and developments in multiple cities across Europe. In Malta, it operates the Cugó Gran Macina boutique hotel and three restaurants under the Hammett's Collection brand.

In an announcement on Wednesday, Von der Heyden Group Finance stated that the transfer of the remaining shares from Trusthigh Holdings Ltd has been completed. Therefore, Timan Investments Holdings Ltd has acquired 380,464 Ordinary B shares with a nominal value of €1 per share, all fully paid up, from the Irish company.

As a result, Curacao-registered Von der Heyden Group Holdings BV, fully owned by Mr von der Heyden, has become the sole shareholder in Timan Investments Holdings Ltd.

Therefore, Mr von der Heyden, a Maltese resident, is now the sole ultimate beneficial owner of Timan Investments Holdings Ltd.

Trusthigh Holdings Ltd is owned by three companies, namely Chiniki Holdings, Abira Investments and Establishing Shot Ltd. All of the companies are ultimately owned by G3 Third Generation Holdings.

G3 Third Generation Holdings is a family-owned venture with several subsidiaries. It is owned and operated by the Horan family from Cork, Ireland.

Social image: Cugó Gran Macina Malta / Von der Heyden Group