Profil:
Santander Bank Polska SAEC approves Erste's acquisition of 49 pct stake in Santander BP lender
The European Commission has approved a EUR 7 billion transaction under which Erste Group acquires a 49 percent stake in the listed lender Santander BP, the Commission announced on its website.
The Commission found no competition concerns and approved the transaction under a simplified review.
At the beginning of May, Erste Group signed an agreement to purchase 49 percent of Santander Bank Polska and 50 percent of its mutual funds unit, Santander TFI, for a total of EUR 7 billion.
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