MILAN (Reuters) - Italian utility Enel SpA has agreed to buy 50% of Italy's Mooney to take joint control of the payments firm with Intesa Sanpaolo SpA and create a European-based fintech group.
Under the deal, which values Mooney at 1.385 billion euros ($1.6 billion), Enel and Intesa will buy out the 70% stake held by a company controlled by private equity CVC Capital Partners. Intesa already owns 30% of Mooney through its Banca 5 unit.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
