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.
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