Komercni Banka Secures Full Ownership of SG Equipment Finance Czech Republic

Komercni Banka has successfully acquired a 49.9% stake in SG Equipment Finance Czech Republic from Societe Generale Equipment Finance, with legal advisory from Dentons. The acquisition combines with Komercni Banka's existing 51.1% stake, granting the bank full ownership of SG Equipment Finance Czech Republic. The transaction value remains undisclosed. Societe Generale received counsel from Jones Day and Schoenherr, while White & Case reportedly advised SGEF's owner, BPCE. This acquisition coincides with Societe Generale's divestment of equipment financing operations outside the Czech Republic and Slovakia to BPCE, a notable French financial group. SG Equipment Finance Czech Republic is known for providing finance leases, operating leases, and loans to support investments in various sectors, including industrial equipment and healthcare. The deal's legal teams included prominent partners and associates from Dentons and Schoenherr, evidencing strong collaborative efforts across Prague, Warsaw, and Paris.