November 19 (SeeNews) - Bulgaria's financial regulator said that it has asked local lender DSK Bank to provide additional information in relation to its planned acquisition of a qualifying holding in insurer Sogelife Bulgaria, a unit of Societe Generale Expressbank.
The Financial Supervision Commission did not provide further details in its statement, published last week.
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In August, DSK Bank's majority owner - Hungarian banking group OTP, said it has signed agreements to buy majority stakes in Albanian and Bulgarian units of French banking group Societe Generale.
In Bulgaria, DSK Bank will acquire 99.74% of Societe Generale Expressbank. DSK Bank will also acquire direct control over Sogelife Bulgaria, and indirect control over Societe Generale Factoring, Sogelease Bulgaria and Regional Urban Development Fund.
Earlier this month, DSK Bank received preliminary approval from the Bulgarian National Bank to acquire Societe Generale Expressbank.
DSK Bank was Bulgaria's second largest lender by assets at the end of September, while Societe Generale Expressbank was the seventh biggest, according to central bank data.
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