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BUSINESS TODAY 16 March 2023

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€1.50 THURSDAY 16 MARCH 2023 • ISSUE 197 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 3 Steward appeals verdict that annulled hospitals deal, requests ECJ ruling Air Malta's fate to be decided after summer KURT SANSONE STEWARD Health Care Malta has ap- pealed the judgment that annulled the hospitals concession agreement and re- quested a preliminary ruling by the Eu- ropean Court of Justice. e American company said in a state- ment on Wednesday that it "emphati- cally rejects the narrative of the judge's findings" in cancelling the deal. Steward said the judge's assessment that led to the cancellation was made with "no basis in evidence". "is narrative is erroneous and could have been disproven had SHCM simply been asked to supply evidence on these counts to court – a request that was never made," the company said, adding it was requesting a preliminary ruling from the ECJ. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 15 Mar 2023 Number of Trades: 127 Turnover: € 1,766,158.25 MSE TRX Index: 7,567.98 Change: -0.113% Name: 4% IHI PLC UNSEC MT0000111311 - Currency € Last Traded: 15 Mar 2023 Price 96.800 Change +2.550 US Dollar 1.0388 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,587.67 75.67 7,592.39 / 7,512.00 Value Net variation High / Low +1.01% 3.00% p.a. Fixed-term deposit account in Euro for 3 years. The Bank is a participant in the Depositor Compensation Scheme established under the Maltese Laws. Rate is quoted gross of tax on a per annum basis. Accounts can be opened with a minimum of €100. Interest is paid into a savings account. The Bank reserves the right to amend or withdraw the product from the market at any time and at its sole and absolute discretion. Terms and conditions apply. MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371). Fixed-term deposits just got beer. → direct 2557 4400 As negotiations with EU on state aid drag on, a final decision on whether to shut down Air Malta will be taken once peak tourist season is over PAUL COCKS AIR Malta's fate is to be decided once and for all at the end of summer, Busi- nessToday is informed. Senior government sources have con- firmed that Prime Minister Robert Ab- ela will take a final decision on whether to close down Air Malta for good once the peak tourist season is over.

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