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Erste Group buys 49% of Santander's Polish unit

Austria's Erste Group strikes deal with Santander to expand in Poland

Erste Group Bank has bought a 49% stake in Santander's Polish bank for around 6.8 billion euros ($7.7 billion), turning Austria's largest lender into one of the most important banks in Poland and freeing up billions for Santander .

Bloomberg · 3d

Erste to Buy Santander Polish Businesses in €7 Billion Deal

Erste Group Bank AG agreed to buy much of Banco Santander SA’s operations in Poland for about €7 billion ($7.9 billion), marking its largest deal ever.

GlobalData on MSN · 2d

Santander to offload 49% stake in Polish business to Erste for €7bn

Erste will fund the all-cash purchase entirely with "internal resources", by cancelling its planned €700m share buyback.

Warsaw Business Journal3d

Erste buys Santander Bank Polska, pays PLN 584 per share

After the acquisition, Erste becomes the region’s largest banking group with €430 billion in assets, surpassing rivals like ...

Morningstar3d

Santander to Sell Poland Assets to Austria's Erste Group for $7.9 Billion — 2nd Update

Banco Santander agreed to sell most of its Polish assets to Austria's Erste Group Bank for 7 billion euros ($7.91 billion), continuing a wave of dealmaking among European lenders. The deal means ...

SeeNews6d

Romania's manufacturing downturn eases in April - Erste

Romania's manufacturing Purchasing Managers' Index (PMI) rose to 48.3 points in April, up from 46.9 points in March, Austrian ...

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