Enel and Intesa Sanpaolo acquire joint control of Mooney

Mooney announced Joint acquisition of 50% stake by Enel and 20% by Intesa with Enel SpA, Intesa Sanpaolo SpA on December 23, 2021.

Primary

Mooney

Counterparty

Enel SpA, Intesa Sanpaolo SpA

Amount

$1.6B

Structure

Joint acquisition of 50% stake by Enel and 20% by Intesa

Date

December 23, 2021

Sub-sector

Payments

Enel and Intesa create European fintech group combining payment and open banking services including wealth management and insurance.

Primary company

Mooney

Counterparty

Enel SpA, Intesa Sanpaolo SpA

Amount

$1.6B

Event date

December 23, 2021

Sub-sector

Payments

HQ

Not disclosed

Structure

Joint acquisition of 50% stake by Enel and 20% by Intesa

Source published

December 23, 2021

Publisher

93.3 The Drive (Reuters)

Source: 933thedrive.com