J&T Finance Group SE and Petrus Advisers reached agreement on the sale of Moneta Money Bank shares

Petrus Advisers, the largest independent shareholder of Moneta Money Bank a.s. (“Moneta”), have today entered into a structured agreement with J&T Finance Group (“J&T”) on the sale of all shares of Moneta at undisclosed terms.

„After receiving several unsolicited offers, we have found J&T to be the most suitable new reference shareholder for the bank and its strategy. We continue to believe in the stand-alone strategy of Moneta under its current leadership and plan to retain a minority ownership in the future, “ stated Klaus Umek, Managing Partner, and comments further: “We have significantly increased our stake to almost 10 % at the peak over the past 2 years and are happy to support the strategy of Moneta with a smaller stake going forward. We are very profitably out but certainly not gone”.

Investment Director of J&T Finance Group, Adam Tomis commented: “Agreement with Petrus represents an interesting opportunity to invest into strategic stake in the largest independent bank on the Czech market and fits well into our Czechoslovak story. We expect that J&T ARCH INVESTMENTS fund, shall be the ultimate investor into the stake. We will disclose more details in upcoming days.”

About Petrus Advisers:

Petrus Advisers is an FCA regulated investment manager with offices in London, Bratislava, Frankfurt and Milan. Petrus Advisers apply a deep, fundamental understanding of the public companies it invests in, paired with active engagement both publicly and behind-the-scenes. The investment strategy is deployed via the Petrus Advisers Special Situations Fund (SSF), an active long/short equity fund focused on liquid and listed investment companies, the Petrus Advisers Special Situations UCITS Fund and several managed accounts as well as co-investment vehicles.

About J&T Arch Investments:

J&T ARCH INVESTMENTS, a fund for qualified investors, is the main investment platform for the J&T group. The Fund invests into companies, projects and partnerships that the group has helped to build over the past 25 years and participates in fulfilling the ambitions of Czech and Slovak capital in Europe and the world. The Fund manages assets not only of the J&T group’s founders but also those of private and institutional investors. J&T ARCH INVESTMENTS is traded on the Prague Stock Exchange, where it is among the most liquid of the fund issues.