The transaction occurs in parallel to the proposed sale of SG Kleinwort Hambros in the UK, for a combined value of €900 million. As of the end of December 2023, the assets under management for the relevant British and Swiss private banking units totaled nearly €25 billion. The proposed sales are a key component of Société Générale's strategic plan to streamline its business model and strengthen its capital base, and is contingent upon regulatory approvals. The Bär & Karrer team, led by Cédric Chapuis, acts alongside international counsel Norton Rose Fulbright and includes key contributions from Ronny Schmid (M&A), Christoph Suter and Alice Johnson (both Tax).

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