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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

North 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.  

North Macedonian Knowledge Partner

ODI is a leading regional law firm in the CEE with offices in Slovenia, Serbia, Croatia and North Macedonia. The firm’s regional presence enables it to provide coordinated and seamless high-quality legal advice on projects across multiple jurisdictions or in a single location. The firm draws on the knowledge and experience of its locally and internationally trained lawyers advising on a broad range of matters, including banking & finance, competition, real estate, corporate / M&A, dispute resolution, employment and benefits, intellectual property, privacy and data protection, regulatory and administrative, restructuring and insolvency and tax.

The firm’s principal objective is to create value for clients by streamlining in-depth knowledge and experience in a particular industry. The firm has extensive experience in acting for clients on M&A transactions, with lawyers advising large multinational corporations, sponsors and lenders on all aspects of acquisitions. The firm’s lawyers are fully versed in conducting legal due diligence, transactional support, acquisition strategy and drafting and negotiating transaction documents in an M&A transaction. They take a commercial approach to how they handle transactions and deliver legal advice. The firm focuses on delivering services in a practical and timely way, while also focusing on what is required to move to the next stage of the transaction.

ODI’s North Macedonia office focuses on complex and high value domestic and multi-jurisdictional deals. Leading global companies and financial institutions particularly value the expertise of our Macedonian lawyers in competition, corporate / M&A, dispute resolution, employment and benefits and privacy and data protection matters.

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