IFLR1000

OTP Bank acquisition of Société Générale

18/4/2019
Public acquisition
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Announced

18/4/2019

Overview:

  • Hungary's largest bank, OTP, has acquired 90.56% of Société Générale in Montenegro. 
  • The bank also acquired the Albanian subsidiary of Société Générale.
  • France's Société Générale was the fourth largest bank in Montenegro and the fifth largest in Albania. The Montenegro bank was also listed on the Montenegrin Stock Exchange.
  • The transaction is part of OTP bank's series of acquisitions of Société Générale's businesses across Europe to expand further in the SEE region.

Rajeeb Gurung - Researcher

Jurisdictions:

France
Albania
Hungary
Montenegro
Serbia

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:
CMS

Party: OTP Bank (Acquirer)

Lawyers: Eva Talmacsi, Marija Tešić, Milica Popović, Milica Popović

Jones Day

Party: Societe Generale (Seller)

Lawyers: Alexandre de Verdun, Florent Bouyer, Philippe Goutay

Kalo & Associates

Party: Societe Generale (Seller)

Lawyer: Aigest Milo

Moravčević Vojnović i Partneri in cooperation with Schoenherr

Party: Societe Generale (Seller)

Lawyer: Slaven Moravčević

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