US EditionSantander raises €7bn from Poland sale
- Santander announced on May 5, 2025, that it will sell a 49% stake in its Polish business to Erste Group for about €7 billion in an all-cash deal.
- The sale follows Santander's strategy to capitalize on market conditions and partner with Erste to jointly strengthen their operations in Central and Eastern Europe.
- The transaction includes Erste's acquisition of half of Santander TFI and gives Erste access to Santander's global payments platform while forming a strategic cooperation.
- Erste's CEO Peter Bosek said the deal fulfills their strategic goal to expand in Central and Eastern Europe's profitable banking markets, aiming for value-creating growth.
- Santander plans to use part of the raised capital for share buybacks and sees continued profitability growth in 2025 amid geopolitical and economic uncertainties.
33 Articles
33 Articles
Santander earned 6.8 billion euros from the sale of its stake in a Polish bank
Spanish bank Santander is reducing its presence in the Polish retail banking market and has earned 6.8 billion euros from the sale of its stake. Santander plans to use the proceeds to buy back shares.
Santander Sells Bulk of Polish Banking Business for $7.9 Billion - PYMNTS.com
Santander Sells Bulk of Polish Banking Business for $7.9 Billion PYMNTS.com Article Attribution | Read More at Article Source The post Santander Sells Bulk of Polish Banking Business for $7.9 Billion – PYMNTS.com appeared first on RocketNews.
Banco Santander sells 49% of its Polish subsidiary to the Austrian Erste Bank for 7 billion
Banco Santander closes the sale of 49% of Santander Polska to the Austrian group Erste Bank for 584 zlotys per share, which values the bank at 2.2 times its tangible accounting value per share at the close of the first quarter of 2025 after discounting the dividend of 46.37 zlotys per share, which will be subtracted from the quote from next May 12. This means valuing the share at 6,800 million euros with a premium of 7.5% compared to the closing…
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