CMS has assisted OTP Bank Group (OTP) on the next step of its strategic expansion in Southeast Europe by advising on the acquisition of 90.56% of Societe Generale (SG) Group's Montenegrin unit. With a market share of 11.5%, Societe Generale Banka Montenegro is the fourth largest bank in Montenegro. The transaction is expected to close in the coming months pending regulatory and merger clearance approvals.

So far, CMS has advised on the acquisition of SG's Bulgarian, Albanian, Croatian, Serbian and Moldovan subsidiaries, with a collective transaction value of over EU1.2bn.

Congratulations to our cross-border team led by client relationship and lead matter partner Eva Talmacsi, with invaluable support from the core transaction team of Dora Czegledi, Zoltan Poronyi, Peter Toth, Adam Takacs (Budapest); the merger clearance team of Dora Petranyi, Szabolcs Szendro and Dora Altziebler (Budapest); and the local team of Marija Tesic, Milica Popovic, Radovanovic Rasko, Anja Tasic, Mina Radonjic, Ksenija Ivetic Marlovic, Marija Marosan, Tamara Samardzija, Ksenija Boreta, Nebojsa Pejin, Nenad Kovacevic (CMS Montenegro).