Jones Day and Schoenherr have advised Societe Generale on its sale of subsidiaries SKB Banka d.d. Ljubljana, SKB Leasing d.o.o., and SKB Leasing Select d.o.o. to OTP Bank Group. CMS advised OTP Bank Group on the deal.
As a result of the transaction OTP Bank Group acquired 99.73% of Societe Generale Group's Slovenian unit.
The closing of the transaction remains subject to the approval of the Bank of Slovenia, the European Central Bank, and various antitrust authorities. Closing is expected at the beginning of June, 2019.
According to Jones Day, Slovenia will be part of the cooperation agreement signed between Societe Generale and OTP Bank Nyrt that encompasses the provision of mutual services in various fields, such as investment banking, capital markets, financing cash, and liquidity management. Societe Generale will remain directly present in Slovenia through its automotive fleet management activities.
The Jones Day team was led by Partner Alexandre de Verdun, supported by Partners Florent Bouyer, Olivier Haas, Emmanuel de La Rochethulon, Eric Barbier de La Serre, and Philippe Goutay, Counsel Eileen Lagathu, and Associates Delphine Sauvebois-Brunel, Seth Engel and Raphaël Ben Chemhoun, Pierre Larcher, Yann Davie, and Edouard Fortunet.
The CMS team was led by Budapest Partner Eva Talmacsi, with support from Partner Dora Petranyi, Senior Associates Zoltan Poronyi, Szabolcs Szendro, and Czegledi Dora, Associate Adam Takacs, and Trainee lawyer Dora Altziebler. The Slovenian team consisted of Partner Ales Lunder, Lawyer Sasa Sodja, and Associate Gasper Hajdu.
Editor's Note: After this article was published Schoenherr informed CEE Legal Matters that its team was led by Partner Vid Kobe and included Attorneys at Law Marko Frantar and Matej Crnilec, Senior Associates Jurij Lampic and Simon Tertnik, and Associate Lea Avsenik and Misa Tominec.