Shearman & Sterling advised Société Générale in connection with the contemplated sale of Euro Bank, its retail banking subsidiary in Poland, to Bank Millennium. The closing of the transaction is expected to take place in the first half of 2019, subject to receipt of clearances from the relevant banking and antitrust authorities.

Sociéte Générale will continue to provide corporate and investment banking services in Poland through its Global Banking and Investor Solutions business, and will remain present in the country in various other activities including ALD, Insurance and Equipment Finance.

The Team