MIDI on Thursday said that it has commenced preliminary discussions with the government with a view to arriving at an out-of-court settlement in respect to the alleged breaches of the concession.

In a statement on the Malta Stock Exchange, MIDI said that as has already been indicated by the Prime Minister, the initial meeting between both sides was cordial and there could be a reasonable basis for an amicable resolution.

The company also referred to its previous announcement wherein it informed the market that it would reply to the judicial letter filed by the Government last Tuesday.

The company said that it has submitted its formal response to the judicial letter, setting out its legal position and categorically refuting any allegation of breach of concession.

While the company welcomed a constructive dialogue aimed at achieving an equitable settlement, it remains committed to defending its rights and interests.

The judicial letter filed by MIDI group can be found here