PPF-backed Tanemo to acquire a 20% stake in Moneta Money Bank for $400m.

Synopsis

PPF-backed Tanemo, an acquisition entity, agreed to acquire a 20% stake in Moneta Money Bank, a commercial bank, for $400m. The agreement allows for additional acquisition of stake up to 29%.

Principals

target

Moneta Money Bank As

bidder

TANEMO

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Market Context