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CMS and Schoenherr Advise on OTP Group's Acquisition of Societe Generale’s Croatian Subsidiary

CMS and Schoenherr Advise on OTP Group's Acquisition of Societe Generale’s Croatian Subsidiary

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CMS has advised long-standing client OTP Group on its acquisition of Societe Generale’s Croatian bank, Splitska Banka, and its leasing and insurance subsidiaries. Jones Day Paris was lead counsel to Societe Generale, with Schoenherr Zagreb advising on Croatian matters.

According to OTP Bank, the acquisition of Splitska Banka, the fifth largest bank in Croatia, valued at an enterprise value of EUR 480 million, will increase OTP’s share of the Croatian market to about 10 percent. The deal is expected to be completed in the summer of 2017 upon receipt of all regulatory and competition approvals.

CMS's transaction team was led by Partner Eva Talmacsi, with support from Senior Associates Zoltan Poronyi, Peter Toth, Eszter Kalman, and Anna Burchner, Senior Counsel Gabor Gelencser, Associate Szabolcs Szendro, and lawyer Jason Todd. CMS's Zagreb team consisted of Partners Hrvoje Bardek, Jelena Nushol, and Tamara Jelic Kazic, Attorney Marija Zrno, and Associates Mia Kalajdzic and Ana Erceg.

Schoenherr's Zagreb-based team consisted of Attorneys Ivan Einwalter, Vice Mandaric, and Dina Vlahov Buhin.


Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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Firm's website: cipcic-bragadin.com


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