Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
CMS does not use any cookie based Analytics or tracking on our websites; see details here.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
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).