Post by Calamatta Cuschieri

🛎️ The COVID-19 pandemic has presented unprecedented conditions to the world economy, with the tourism sector being one of the most severely impacted. Consequently, the VDH Group, which is heavily exposed to this sector, noted that the outbreak has led to the material disruption of its hotel and catering operations. Notwithstanding this, the Group's diversification in real estate has clearly paid off, where VDH expects to end FY20 with a cash reserve of circa €25million, mainly stemming from the sale of the Blue Tower forming part of the Bavaria Towers and the Spanish Hotel (IBB Hotel Paradis Blau). Read the full article here: https://lnkd.in/eWzEUeT Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.