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CMS and Moravcevic Vojnovic Advise on Steiermarkische Sparkasse Bank Purchase in Northern Macedonia

CMS and Moravcevic Vojnovic Advise on Steiermarkische Sparkasse Bank Purchase in Northern Macedonia

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CMS has advised Steiermarkische Sparkasse und Bank AG on its acquisition of Societe Generale's shares in Ohridska Banka Societe Generale. Jones Day was lead counsel to Societe Generale, which was advised by Moravcevic Vojnovic i Partneri in the Republic of Northern Macedonia.

The transaction involved approximately 74.53% of OBSG's share capital.

CMS reports that the bank purchase will be carried out within the framework of a mandatory offer, which covers all shares issued by Ohridska Banka Societe Generale (OBSG), including the shares held by the remaining minority shareholders. The implementation is subject to the approval of the European Central Bank and the National Bank of the Republic of Northern Macedonia, as well as the relevant capital market supervisory authorities and the competition authorities.

CMS's Vienna-based core team was led by Partner Peter Huber and included Partner Dieter Zandler, Attorneys Oliver Werner and Sixtus Ferdinand Kraus, and Associates Simon Cook and Mario Maier. The firm's team in Skopje was led by Partner Marija Filipovska and included Associates Ana Bozarova and Elena Miceva Stojchevska. Belgrade-based Partner Rasko Radovanovic was also involved in the deal. 

Moravcevic Vojnovic i Partneri’s team consisted of Partners Slaven Moravcevic and Andrea Radonjanin, Attorneys-at-Law Jovan Barovic, and Associates Magdalena Petreska, Andrea Lazarevska, and Martin Ivanov.

Editor’s Note: After this article was published Jones Day informed CEE Legal Matters that its team was led by Partner David Swinburne and included Partners Alexandre de Verdun, Florent Bouyer, Philippe Goutay, Olivier Haas, Emmanuel Baud, Emmanuel de La Rochethulon, and Eric Barbier de La Serre, Counsel Eileen Lagathu, and Associates Sylvain Kabeya, Olivier Souleres, Pierre Larcher, and Edouard Fortunet.  

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