 It took over from Posta Limited on 1 May of that year.On 31 January 2002, MaltaPost was partially privatized when the government sold 35% to Transcend Worldwide Ltd, a subsidiary company of New Zealand Post Ltd.In September 2007 the government sold 25% of its shareholding in MaltaPost to Lombard Bank plc, which effectively became the majority shareholder in the company with 60% shareholding.