OTP bank 99.7% acquisition of stake in SKB Banka

14/5/2019
Private acquisition

Announced

14/5/2019


Overview:

  • OTP Bank has acquired 99.7% stake in SKB Banka, the Slovenian arm of Societe Genrale Group.
  • The acquisition is part of OTP's acquisition of SocGen's units across the CEE  region.
  • In 2019, OTP has closed the acquisition of SocGen's units in Bulgaria and Albania.

Rajeeb Gurung - Researcher

Jurisdiction:

Slovenia

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking


Firms:
CMS

Party: OTP Bank (Acquirer)



Party: Societe Generale (Seller)