TX Group sells remaining Moneypark shares to Helvetia
The TX Publishing Group is completely divesting itself of the mortgage broker Moneypark. It is selling its remaining stake to Helvetia. Meanwhile, Moneypark founder and CEO Stefan Heitmann is stepping back and will hand over the top job to Martin Tschopp of Helvetia in May.
After TX Group had already sold part of its Moneypark stake to Helvetia in 2016, the remaining shares will now also go to the insurer, according to a statement on Wednesday.
It is not known how large the package is. The parties have agreed not to disclose details of the sale. Helvetia was already the largest shareholder of Moneypark, which was founded in 2012. TX Group had joined in 2014 with a minority stake.
Fintech Moneypark has developed "excellently" in recent years and has advanced to become the market leader in this sector with an annual mortgage volume of clearly more than CHF 3 billion, TX Group writes further. Now is a good time for the sale of the remaining stake. At the same time, TX manager Jens Schleuniger is leaving the board of directors of Moneypark.
CEO change in May
There will also be a change in the operational management of Moneypark. Founder and CEO Stefan Heitmann will hand over his office to the current chairman of the board Martin Tschopp in May, writes Helvetia. After ten years at the helm of Moneypark, the time has come to hand over the reins, Heitmann said. However, he will remain a shareholder and part of the board of directors.
Moneypark is in an "excellent" position and the aim is to further expand its good market position, Tschopp is quoted as saying in the press release. He has been a member of the board of directors since 2019 and has also worked at Helvetia since 2017. In addition to Moneypark, he also heads the Helvetia Venture Fund, the online insurance Smile and the customer and market management of Helvetia Switzerland. (SDA)
