MPICO Plc has officially disclosed a substantial acquisition of a 17.58% stake in the company by the Public Service Pension Trust Fund (PSPTF). The transaction, valued at MK7.48 billion, was finalized on 28th November 2024 through a trade on the Malawi Stock Exchange (MSE). This acquisition marks a significant change in MPICO’s ownership structure and reflects growing institutional confidence in the company’s market position.
- The sale aligns with Old Mutual (Malawi) Limited’s broader strategy to enhance capital regulatory compliance.
- The acquisition provides an opportunity for PSPTF to secure a significant stake in a leading property company, a move not typically available on the open market.
- The inclusion of another key institutional investor in Mpico diversifies the company’s shareholding base, strengthening its stability and market appeal.
