Schumann Investments S.A., a company controlled by CVC Capital Partners Fund VI (“CVC”), signed an agreement with Intesa Sanpaolo S.p.A. (“Intesa Sanpaolo”) and Enel S.p.A. (“Enel”) to sell its 70% stake in Mooney Group valuing the business €1,385m on an EV basis. At closing, expected by mid 2022, Intesa Sanpaolo, which already owns 30% of Mooney, and Enel will each hold 50% in the company.
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