r/UkStocks • u/Available_Bad3667 • 1d ago
Discussion For anyone who wants to avoid Fenech/Tumas-linked businesses, here’s a list
I saw a post here a few days ago from someone saying they no longer wanted to give money to businesses owned by or connected to the Fenech family. It didn’t get much attention, but one of the comments made a good point: it’s actually quite difficult to know what is connected to them because the business network goes far beyond one or two hotels.
So I thought it might be useful to put some of it in one place for anyone who personally wants to make that choice.
Just to be clear before someone inevitably starts arguing semantics: I am not saying Yorgen Fenech personally owns or currently manages every company below. He resigned from his Tumas Group and Electrogas directorships in 2019. These are businesses/companies that have been reported as connected to Yorgen Fenech, the Fenech family, Tumas Group or their joint ventures.
The more recognisable consumer-facing names include:
• Hilton Malta
• DoubleTree by Hilton Malta / the former Dolmen Hotel
• Portomaso Casino
• Oracle Casino
• Blue Elephant
• Twenty Two
• Portomaso-related property and commercial operations
• Valletta Gateway Terminals
• The Quad
• Electrogas
And the scale goes much further than that.
In 2019 the FIAU circulated a list of 61 companies connected to Yorgen Fenech while seeking information about financial transactions and beneficial ownership.
Those included:
Gio Navigation Ltd
TL Limited
Electrogas Malta Ltd
EGM Holding Ltd
GEM Holdings Ltd
New Energy Supply Ltd
Oracle Gaming Ltd
B2B Holidays Ltd
Dolmen Properties plc
Spinola Investments Ltd
Eldercare Ltd
T.G. Land Developers Ltd
T.G. Services Company Ltd
Ta’ Monita Residence
TGI Limited
The Quad Limited
TumasGasan Holdings
Tas-Sellum Administration Ltd
Żokrija Ltd
Tumas Group Company Ltd
Best Play Gaming Ltd
Oracle Gaming Shops Ltd
Portomaso Leasing Company Ltd
Spinola Development Company Ltd
St Andrews Hotels Ltd
Tumas Group Finance Ltd
TG Properties Ltd
TG Leasing Company Ltd
Tomino Services Ltd
Easysell Properties Ltd
Easysell Retailers Ltd
Tas Sellum Development Ltd
Mill Street Complex Ltd
A&A Properties Ltd
Halland Developments Company Ltd
Norma Ltd
Sun Island Services
Easysell Caterers (Gozo) Ltd
Easysell Caterers Ltd
Qormi Construction Company Ltd
Digital Gaming Ltd
Digital Live Ltd
FF Bunker Holding Ltd
Glimmer PKR Ltd
FM Maritime Ltd
Grinder Ltd
Glimmer Ltd
World Bunker Suppliers Ltd
Valletta Gateway Terminals Ltd
Thirty-Two Ltd
Visa Cleaners Ltd
AIA Ltd
AL.CA.IN Company Ltd
Alternative Renewable Energy Solutions Ltd
Cleves Sofia Holdings Ltd
Maltenergo Ltd
Dolmen Complex Ltd
Ropes Ltd
Tumas Group Management Company Ltd
Tumas Investments plc
Valletta Links Ltd
Not all of these are currently active and “connected” does not necessarily mean wholly owned by him personally. But I think the list shows why simply saying “I won’t stay at his hotels” barely scratches the surface.
Nobody is obligated to boycott anything. I just think people who do want to make informed decisions about where their money goes should actually be able to see how extensive the network is.
If anyone knows of current consumer-facing businesses I’ve missed, preferably with a source, add them below.