Komerční banka, a.s. (KB), one of the largest banks in the Czech Republic, has acquired the remaining 49.9% stake in SG Equipment Finance Czech Republic s.r.o. (SGEF CR) from Société Générale Equipment Finance, S.A. (SGEF SA), making it the sole owner of the company. The financial terms of the transaction were not disclosed.

The deal was finalized in conjunction with Société Générale’s broader restructuring, which included the sale of its equipment financing operations — excluding those in the Czech Republic and Slovakia — to French financial group BPCE.

SGEF CR provides financial solutions such as finance leases, operating leases, and loans, including subsidized support for investments in industrial equipment, modern technologies, transportation, agriculture, and healthcare. With full ownership of SGEF CR, KB aims to expand its specialized financing capabilities and enhance its range of financial services.

The transaction reflects KB’s strategic move to strengthen its position in the Czech financial sector, reinforcing its commitment to specialized and innovative financial solutions.

Global law firm Dentons has advised Komerční banka on the acquisition. Dentons’ team included Corporate and M&A Partners David Šimek (Prague), Olivier Genevois (Paris) and Petr Zákoucký (Prague), Associate Anna Kolodrubcová, and Junior Associates Kryštof Vrtek and Dušan Korbel. Senior Associate Tomáš Pavelka and Junior Associate Robert Květoň advised on competition aspects.