M&A Deal Summary

Societe Generale Acquires Hitex Zrt

On July 18, 2006, Societe Generale acquired financial services company Hitex Zrt

Acquisition Highlights
  • This is Societe Generale’s 2nd transaction in the Financial Services sector.
  • This is Societe Generale’s 1st transaction in Hungary.

M&A Deal Summary

Date 2006-07-18
Target Hitex Zrt
Sector Financial Services
Buyer(s) Societe Generale
Deal Type Add-on Acquisition

Target

Hitex Zrt

Budapest, Hungary
Hitex Zrt is a provider of automotive financing solutions for customers in Hungary.

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Buyer(S) 1

Buyer

Societe Generale

Paris, France

Category Company
Founded 1864
Sector Financial Services
Employees111,754
Revenue 52.5B EUR (2024)
DESCRIPTION

Societe Generale is a provider of retail banking, insurance, private banking, investment management, and corporate and investment banking services. Societe Generale was founded in 1864 and is based in Paris, France.


DEAL STATS #
Overall 2 of 6
Sector: Financial Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Hungary M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Misr America International Bank

Cairo, Egypt

Misr America International Bank provides commercial banking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 UNITe

Lyon, France

UNITe is an independent electricity producer and operates a portfolio of 21 hydroelectric facilities. The entity has 42 MW in installed capacity and generates 148 GWh in electricity from renewable sources. UNITe was founded in 1985 and is based in Lyon, France.

Buy -