In May 2017, Vodafone Group Plc (“Vodafone”), Apax Partners Midmarket SAS (“Apax”) and Fortino Capital (“Fortino”) announced their intention to combine Vodafone Malta with Melita to create a fully integrated communications company in Malta.
Since then, the parties have cooperated extensively with the Maltese Competition Authority (the “MCCAA”) in order to obtain approval for the transaction. However, it has now become clear that the parties are unable to satisfy the MCCAA’s requirements and consequently they have decided to terminate the transaction and withdraw the notification.
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