Banco Santander (SAN) said Friday that it has completed the sale of a 49% stake in Santander Bank Polska to Erste Group Bank for 7 billion euros ($8.15 billion) in cash.
Under the deal announced in May, 2025, Erste has acquired 49% of the share capital of Santander Bank Polska and a 50% stake in the Polish asset management business that Santander Bank Polska did not own, Banco Santander said.
The Spanish lender said Erste plans to change Santander Bank Polska's name to Erste Bank Polska in Q2.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments