CMS has advised long-standing key client OTP Bank Group (OTP) on the acquisition of 87.85% of Mobiasbanca, currently part of the French Societe Generale (SG) group. Mobiasbanca is the fourth largest bank in Moldova with a market share of 13.3%. The transaction is expected to close in the coming months pending all necessary regulatory and merger clearance approvals.
This transaction is the continuation of OTP’s strategic expansion in Southeast Europe by acquiring SG’s interests in the region. So far, CMS has advised on the acquisition of SG’s Bulgarian, Albanian and Serbian subsidiaries, with a collective transaction value of over €1.2bn.
Congratulations to our cross-border team led by Client Relationship and lead matter partner Eva Talmacsi, with invaluable support from the core transaction team of Zoltán Poronyi, Dóra Czeglédi, Ádám Takács (CMS Budapest); the merger clearance team of Dóra Petrányi, Szabolcs Szendrő and Dóra Altziebler (CMS Budapest); Rodica Manea, Mircea Moraru and Horea Popescu (CMS Bucharest) and Moldovan law firm Turcan Cazac Law Office.
