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CMS advises OTP on the acquisition of Societe Generale subsidiary in Serbia

24 December 2018

CMS has advised OTP Bank Group on the acquisition of Societe Generale Banka Srbija, Serbiaʼs fourth-biggest lender, from Franceʼs Société Générale Group. The deal is expected to close in the coming months due to complex regulatory and merger clearance filings.

This transaction is the continuation of OTP’s strategic expansion in Southeast Europe and part of the CMS mandate where CMS advises more than seven acquisitions across ten jurisdictions with a collective transaction value of over €1bn.

Congratulations to the transaction team led by Client Relationship Partner Eva Talmacsi, with invaluable support from the core transaction team, Gábor Gelencsér, Zoltán Poronyi, Dóra Czeglédi (CMS Budapest); the merger clearance team of Dóra Petrányi, Szabolcs Szendrő and Dóra Altziebler (CMS Budapest); our Serbian transaction team led by Radivoje Petrikić comprising Milica Popović, Maja Stepanović, Marija Tešić, Anja Tasić, Jovana Bingulac, Raško Radovanović (CMS Belgrade).