DSK Bank EAD entered into an agreement to acquire 99.7% stake in Societe Generale Expressbank AD from Société Générale Société anonyme (ENXTPA:GLE) on August 1, 2018. In a related transaction OTP Bank Plc. (BUSE:OTP) entered into an agreement to acquire 88.9% stake in Banka Societe Generale Albania Sh.a from Société Générale Société anonyme and Sogelife Insurance Company on August 2, 2018. The combined transaction value is over €600 million. Under the terms of the acquisition, Societe Generale Expressbank AD would become a unit of DSK Bank. The transaction is subject to approval from relevant banking and antitrust authorities. As of November 15, 2018, The Bulgarian central bank has approved the transaction, whereas the deal is still pending in terms of the approval from Bulgarian competition regulator. As of December 18, 2018, the Commission for the Protection of Competition has approved the transaction. The transaction is expected to close in fourth quarter of 2018. Transaction is expected to have a positive impact on the Group’s CET1 ratio of around 12 basis points. Jones Day along with Eva Talmacsi, Dora Petranyi, Gabor Gelencser, Zoltan Poronyi, Szabolcs Szendro, Dora Czegledi, Dora Altziebler, Atanas Bangachev David Butts, Partner Elitsa Ivanova, Veliko Savov, Nevena Radlova, Desislava Vasileva, Irina Sokolova, Denitsa Dudevska, Iveta Manolova, Plamena Kostadinova, Zornitsa Georgieva, Konstantin Stoyanov, Tatyana Yosifova, Mirela Dyukendzhieva, Borislava Piperkova, Angel Naydenov, Mirko Daidone, Evis Zaja and Stephan Werlen of CMS acted as legal advisors for OTP Bank Plc, parent company of DSK Bank EAD. Céline Appel Schneider and Mohamed Amine Benhalima of PricewaterhouseCoopers provided financial due diligence, whereas Ilko Stoyanov of Schoenherr and Kalo & Associates acted as legal advisor for Société Générale Société anonyme. Jose Concejo and Stanislas Lecat of Société Générale Société anonyme acted as financial advisors to itself. DSK Bank EAD completed the acquisition of 99.7% stake in Societe Generale Expressbank AD from Société Générale Société anonyme (ENXTPA:GLE) on January 15, 2019.