Announced
Completed
Financials
Tags
Czechia
banking sector
banks
Banks
Private Equity
Minority
Cross Border
Completed
Friendly
Acquisition
Public
banking services
Single Bidder
Synopsis
Goldman Sachs completed the acquisition of a 7.23% stake in MONETA Money Bank, a provider of a full range of commercial banking services for retail and institutional customers from PPF Group, a financial and investment group, for $137m. The increase makes Goldman MONETA’s biggest shareholder. A full takeover of Moneta is not on the agenda but Goldman Sachs feels there is a chance to achieve very solid appreciation.
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