Announced
Financials
Sources
Tags
payment services
Banks
Private
Single Bidder
banking
Majority
installment lending
Cross Border
Slovakia
Czechia
Payments / Commerce
Consumer Lending
Acquisition
Pending
Friendly
Private Equity
Synopsis
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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