On March 7, 2011, MoneyGram entered into a Recapitalization Agreement with THL, as the holder of all of the B Stock, and Goldman Sachs, as the holder of all of the B-1 Stock. When sending the transfer via MoneyGram in one currency and receiving it in another, then currency conversion is carried out at the current rate of sales of current service point. After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. MoneyGram cooperates with numerous partners from Europe. Among them such financial establishments as Post of Canada, Cyprus, Ukraine, Iceland, Moldova, the Royal Mail of UK and Norway, Italian Post, Bank of Ireland, Sberbank of Russia, Kocbank, Banco Popular Espanol, and many others. The benefits of money transfers by MoneyGram: payment of commission is only at the expense of sender. MoneyGram - is an urgent money transfer by means of wired transfer around the world without opening a bank account. Last year, MoneyGram business in the CIS and Eastern Europe took priority positions to increase the number of branches in comparison with other regions - were opened new four thousand branches. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.