Sven von der Heyden has agreed to buy the final part of his company from an Irish family by the end of March 2024 in a deal that will see him become the sole owner and beneficiary of Von der Heyden Group, which develops and manages real estate and hospitality offerings across Europe. 

In Malta, it operates the Cugó Gran Macina boutique hotel and three restaurants under the Hammett's Collection brand.

In an announcement posted to the Malta Stock Exchange by Von der Heyden Group Finance plc, the company said that an agreement signed on 16th October involves Malta-registered Timan Investment Holdings Ltd buying its own shares, amounting to a 14.58 per cent stake, from the Ireland-registered Trusthigh Holdings Ltd.

Timan Investment Holdings Ltd is the parent company of Von der Heyden Group Finance, and the guarantor for the €35 million unsecured bonds issued by the company last year.

The deal will leave the Curacao-registered Von der Heyden Group Holdings BV, owned in its entirety by Maltese resident Sven von der Heyden, as the sole shareholder in Timan Investment Holdings.

Trusthigh Holdings is owned by three companies – Chiniki Holdings, Abira Investments and Establishing Shot Ltd – all of which 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.