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New Deal


Announced

Moneta Money Bank to acquire Air Bank, Home Credit, Benxy and Home Credit Slovakia from PPF for $1.1bn.

Financials

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Transaction Value£387m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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payment services

Banks

Private

Single Bidder

banking

Majority

installment lending

Cross Border

Slovakia

Czechia

Payments / Commerce

Consumer Lending

Acquisition

Pending

Friendly

Private Equity

Synopsis

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Moneta Money Bank, a commercial bank, to acquire financial services companies located in Slovakia and Czech Republic including Air Bank, Home Credit, Benxy and Home Credit Slovakia from PPF, an international financial and investment group, for $1.1bn. PPF offered Money Bank to purchase companies in a share-for-share exchange. If the deal is successful, the two banks would be merged.

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