Goldman Sachs completed the acquisition of a 7.23% stake in MONETA Money Bank from PPF Group for $137m.

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.