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Komercni banka takes 100% ownership of SG Equipment Finance

Part of SG's broader restructuring efforts

Equipment Finance News, AI AssistedbyEquipment Finance News, AI Assisted
March 10, 2025
in Lender Operations
Reading Time: 1 min read
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Komercni banka (KB), one of the largest banks in the Czech Republic, has acquired its remaining 49.9% stake in Societe Generale Equipment Finance Czech Republic (SGEF CR) from parent company Societe Generale Equipment Finance, KB announced in a March 3 release.

Terms of the deal were not disclosed. The acquisition is part of Societe Generale’s broader restructuring goals, including the sale of its equipment finance business to French financial services firm BPCE Group.

The third annual Equipment Finance Connect at the JW Marriott Nashville on May 14-15, 2025, is the only event for both equipment dealers and finance providers. Learn more and register here.   

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