21 September 2016
Deals | France & Eastern Europe | M&A
Gide advises Société Générale on the sale of its majority stake (93.64%) in Bank Republic, its Georgian subsidiary, to TBC Bank Group PLC, the second largest banking institution in Georgia. The operation is estimated to be approx. EUR 121 million.
The closing of the transaction is expected before the end of 2016, following the completion of confirmatory due diligence and the satisfaction of all relevant conditions precedent.
The Gide team advising Société Générale on this operation was comprised of partner Jean-Gabriel Flandrois and Morgan Maréchal, with Mgaloblishvili Kipiani Dzidziguri (MKD) in Georgia.