Bank Société Générale has allegedly put six of its CEE branches on sale, a move reported to include its operations in Bulgaria, Macedonia, Albania, Montegenegro, Serbia and Moldova. This development follows on the heels of a decision by Norwegian Telenor to make its exit from this part of Europe. In what’s seen as a larger attempt by Société Générale to overhaul its global position, the bank is going to focus on promising markets where it maintains a leading position. A buyer has not yet been named, but OTP Bank and Apollo Global Management are thought to be front runners.
