Debono Group announces the transfer of its shareholding in iMovo Limited to Deloitte Malta. Since iMovo’s founding in 2010, Debono Group has played a key role in its growth and success. The decision to exit comes as iMovo performs strongly, ensuring optimal outcomes for all stakeholders.
Geoffrey Debono, CEO of Debono Group, emphasised that this move reflects the Group’s strategic agility, reinforcing its ongoing commitment to long-term growth and the strength of the core business.
Michael Debono, Head of Debono Group’s investment arm, added that the exit highlights Debono Group’s success in nurturing valuable brands and maintaining flexibility for future growth opportunities.
Debono Group expresses its sincere gratitude to the founding shareholders and leadership team at iMovo Limited for their unwavering professionalism and dedication. We wish them continued success in all their future endeavours.
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