The media group TX Group sold its shares in Moneypark to the insurer Helvetia, the insurance company said on Wednesday. Financial details are not specified.
In 2016, TX Group had already sold part of its minority stake in Moneypark. No information has been provided on the amount of the remaining shares now sold to Helvetia.
The operation comes at the same time as a change at the head of Moneypark, the founder and chief executive officer (CEO) Stefan Heitmann will hand over the reins of the company to the current chairman of the board of directors Martin Tschopp. He will take office in May.
Mr. Tschopp has worked at Helvetia since 2017, most recently as a member of the management. In addition to Moneypark, he took care of the online insurer Smile at Helvetia.
Mr. Heitmann will remain a shareholder and maintain a managerial role in Moneypark. The company, which notably offers intermediary services between establishments providing mortgages and customers, processes a volume of more than 3 billion annually.
/ ATS