19 February 2019
Deals | France | Mergers & Acquisitions
Gide has advised Société Générale group on closing the sale of the entire stake of Boursorama in Self Trade Bank S.A.U., its Spanish subsidiary, to private equity fund Warburg Pincus.
The sale was announced in June 2018.
This transaction is part of Société Générale group's continuous effort to simplify its setup and to focus on its core businesses to create synergies within the group.
Société Générale group remains strongly committed to the Spanish market, notably through its Global Banking & Investor Solutions activities, specialised financing, and leasing and fleet management, and will continue in France the further development of Boursorama, its leading online banking subsidiary with over 1.4 million customers.
Société Générale and Boursorama were advised by Gide (partner Guillaume Rougier-Brierre and associate Charles-Douglas Fuz), and Cuatrecasas (partners Gerard Correig and Fernando Minguez Hernandez).
Warburg Pincus was advised by Garrigues.