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CMS and Schoenherr Advise on OTP's Acquisition of Societe Generale's Serbian Subsidiary

CMS and Schoenherr Advise on OTP's Acquisition of Societe Generale's Serbian Subsidiary

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CMS has advised OTP Bank Group on the acquisition of Societe Generale Banka Srbija, Serbiaʼs fourth-biggest lender, from Franceʼs Societe Generale Group Group. Schoenherr, working with lead counsel Jones Day, advised Societe Generale on the deal, which is expected to close in the coming months.

According to CMS, "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 EUR 1 billion."

The CMS team was led by Partner Eva Talmacsi, assisted by Partner Dora Petranyi, supported by Senior Counsel Gabor Gelencser, Senior Associates Zoltan Poronyi, Dora Czegledi, Szabolcs Szendro, and Trainee Lawyer Dora Altziebler from CMS Budapest, and the firm's Serbian transaction team, led by Managing Partner Radivoje Petrikic and including Partners Milica Popovic, Rasko Radovanovic, Maja Stepanovic, and Marija Tesic, and Attorneys at Law Anja Tasic, Jovana Bingulac.

The Schoenherr team was led by Partner Matija Vojnovic, supported by Attorneys at Law Dusan Obradovic and Vojimir Kurtic.

Editor's Note: After this article was published, Jones Day informed CEE Legal Matters that its team on the deal was led by Partner Alexandre de Verdun, working with Partners Audrey Bontemps, Eric Barbier de La Serre, Pilippe Goutay, Olivier Haas, and Emmanuel de La Rochethulon, and Associates  Delphine Sauvebois-Brunel, Jonas Van den Bossche, Saliha Bardasi, Adrien Starck, Eileen Lagathu, Claire Lavin, Yann David, Olga Goncharska, David Aumain, and Edouard Fortunet.

Subsequently, in October 2019, CMS reported that the deal had closed.

Subsequently, Schoenherr announced that, in addition to the lawyers identified above, its team included Partners Petar Kojdic, and Srdjana Petronijevic, and Attorneys at Law Bojan Rajic, Jelena Arsic, and Marija Drazic, and Associates Mina Mihaljcic and Tamara Cakarevic.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu