KALO & ASSOCIATES Advise Societe Generale S.A. on the Sale of its Majority Stake in SGAL

KALO & ASSOCIATES Advise Societe Generale S.A. on the Sale of its Majority Stake in SGAL

SEE Legal’s Albanian member acted as local counsel to Societe Generale S.A. on the sale of its majority stake in Société Générale Albania (SGAL) to OTP Bank. 

With a market share of nearly 6%, SGAL is the 5th largest bank on the Albanian banking market, active in both retail and corporate segment.

The closing of the transaction is expected to take place in the coming months, subject to receipt of clearances from the relevant banking and antitrust authorities, and relevant third party consents.

KALO & ASSOCIATES’ team was led by partner Aigest Milo.

SEE Legal’s Albanian member acted as local counsel to Societe Generale S.A. on the sale of its majority stake in Société Générale Albania (SGAL) to OTP Bank. 

With a market share of nearly 6%, SGAL is the 5th largest bank on the Albanian banking market, active in both retail and corporate segment.

The closing of the transaction is expected to take place in the coming months, subject to receipt of clearances from the relevant banking and antitrust authorities, and relevant third party consents.

KALO & ASSOCIATES’ team was led by partner Aigest Milo.