Hungary's OTP to buy Societe Generale in Serbia

The Societe Generale Group has signed an agreement of intent to sell the Societe Generale bank in Serbia to Hungary's OTP Group.

Source: Beta, Tanjug
(EPA, file, illustration)
(EPA, file, illustration)

This is pending the approval from the National Bank of Serbia and the anti-trust commission, Tanjug said.

SoGe Leasing i SoGe Insurance are included in the sale transaction, while the Societe Generale Group will continue its presence in Serbia through ALD Automotive, according to Beta.

The transaction should be completed in the coming months.

Business & Economy

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