J&T ARCH INVESTMENTS SICAV a.s., managed by J&T INVESTICNA SPLOCNOST completed the acquisition of a 9.99% stake in MONETA Money Bank, a.s. from Petrus Advisers LLP.
December 22, 2022
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J&T ARCH INVESTMENTS SICAV a.s., managed by J&T INVESTICNA SPLOCNOST entered into a structured agreement to acquire a 9.99% stake in MONETA Money Bank, a.s. (SEP:MONET) from Petrus Advisers LLP on June 23, 2022. J&T Arch Investments will buy stake in two stages 8.89% of MONETA's shares immediately and a further 1.1% by the end of the year. Post completion, Petrus Advisers will retain a minority stake in MONETA Money. J&T ARCH INVESTMENTS SICAV completed the partial stake acquisition of the first tranche on December 21, 2022, after receiving the necessary approval. Kocian Solc Balastik acted as legal advisor to J&T Investicna SPLOCNOST.
J&T ARCH INVESTMENTS SICAV a.s., managed by J&T INVESTICNA SPLOCNOST completed the acquisition of a 9.99% stake in MONETA Money Bank, a.s. (SEP:MONET) from Petrus Advisers LLP on December 23, 2022. Dechert LLP acted as legal advisor to Petrus Advisers LLP.
Moneta Money Bank a.s. is one of the leading financial services groups in the Czech Republic. Net sales break down by activity as follows:
- retail banking (64.2%): sales of conventional banking products and services to induviduals (current account management, consumer credit, sale of savings contracts, mortgages, car loans, home loans, leasing, credit card issuance, etc.);
- commercial banking (29.6%): sales of banking products and services to small and medium enterprises, financial and public institutions (asset funding, investments and projects, leasing, management of vehicle fleets, industrial equipment funding, etc.);
- other (6.2%): primarily investment banking and bancassurance.
At the end of 2021, the group managed CZK 285.1 billion in courrent deposits and CZK 255.6 billion in current loans.
The products and services are marketed through a network of 154 branches located in the Czech Republic.
J&T ARCH INVESTMENTS SICAV a.s., managed by J&T INVESTICNA SPLOCNOST completed the acquisition of a 9.99% stake in MONETA Money Bank, a.s. from Petrus Advisers LLP.
MONETA MONEY BANK, 
