CMS advises OTP on Montenegrin acquisition

CMS has assisted OTP Bank Group (OTP) on the next step of its strategic expansion in Southeast Europe by advising on the acquisition of 90.56% of Société Générale (SG) Group’s Montenegrin unit. With a market share of 11.5%, Société Générale Banka Montenegro is the fourth largest bank in Montenegro. The transaction is expected to close in the coming months pending regulatory and merger clearance approvals.

So far, CMS has advised on the acquisition of SG’s Bulgarian, Albanian, Croatian, Serbian and Moldovan 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 Dóra Czeglédi, Zoltán Poronyi, Péter Tóth, Ádám Takács (Budapest); the merger clearance team of Dóra Petrányi, Szabolcs Szendrő and Dóra Altziebler (Budapest); and the local team of Marija Tesic, Milica Popović, Radovanović Raško, Anja Tasic, Mina Radonjic, Ksenija Ivetić Marlović, Marija Marošan, Tamara Samardžija, Ksenija Boreta, Nebojša Pejin, Nenad Kovačević (CMS Montenegro).