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Santander Bank Polska SAPublikacja: 2025-05-05 08:51
Erste Group Bank to buy 49 pct Santander BP lender and 50 pct in Santander TFI for total of EUR 7 bln
Austrian financial service provider Erste Group Bank has signed an agreement to buy 49 percent of listed lender Santander Bank Polska and 50 percent of Santander TFI for a total of EUR 7 billion, Erste said in a market filing.
It said that an agreement had been signed to buy a stake in Santander Bank Polska for a cash consideration of PLN 584 (EUR 136.6) per share (totalling around EUR 6.8 billion) and a 50 percent stake in Santander TFI for a cash consideration of around EUR 0.2 billion from Santander Group. This brings the total to EUR 7 billion.
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