TBC Bank Group €121 million acquisition of Bank Republic

23/9/2016

Public acquisition

Value:

€ 121 million

Dollar value:

$ 135.592 million

Status:

Completed

Date:

23/9/2016

Overview:

TBC Bank Group, the second largest bank in Georgia has acquired a 93.64% stake in Bank Republic for €121 million from Société Générale.
The deal is expected to complete before the end of 2016.

Sam Duke - Editor

Jurisdiction:

Georgia

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:

Baker McKenzie

Party: TBC Bank (Acquirer)

Dentons

Party: TBC Bank (Acquirer)

Lawyer: Avto Svanidze

Gide Loyrette Nouel

Party: Société Générale (Seller)

Lawyer: Jean-Gabriel Flandrois

MKD Law

Party: Société Générale (Seller)

Lawyers: David Metskhovrishvili, Giorgi Kankava, Natalia Babakishvili, Victor Kipiani

Related deals