Erste Bank Seen as Potential Buyer for Santander's Polish Unit -- Market Talk

Dow Jones

Apr 09

1049 GMT - Austrian lender Erste Bank has previously shown interest in expanding in Poland and could potentially set its sights on Santander's operations in the country should the Spanish bank put them up for sale, Citi says in a research note. Bloomberg reported that Santander is considering divesting its 62% stake in Santander Bank Polska. Analyst Simon Nellis outlines two potential scenarios at current market prices: one in which Erste buys the entire subsidiary--triggering a tender offer--and one in which it buys 49.99%. "Under both...the transaction would require a sizable capital increase of an estimated 8 billion euros in the first scenario and 4 billion euros in the second," he notes. The transaction would be significantly earnings accretive in either case, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 09, 2025 06:49 ET (10:49 GMT)

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Bloomberg reported that Santander is considering divesting its 62% stake in Santander Bank Polska. Analyst Simon Nellis outlines two potential scenarios at current market prices: one in which Erste buys the entire subsidiary--triggering a tender offer--and one in which it buys 49.99%. \"Under both...the transaction would require a sizable capital increase of an estimated 8 billion euros in the first scenario and 4 billion euros in the second,\" he notes. The transaction would be significantly earnings accretive in either case, he adds. 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Bloomberg reported that Santander is considering divesting its 62% stake in Santander Bank Polska. Analyst Simon Nellis outlines two potential scenarios at current market prices: one in which Erste buys the entire subsidiary--triggering a tender offer--and one in which it buys 49.99%. \"Under both...the transaction would require a sizable capital increase of an estimated 8 billion euros in the first scenario and 4 billion euros in the second,\" he notes. The transaction would be significantly earnings accretive in either case, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 06:49 ET (10:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4521","symbol_name":"英国银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526635172","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526635172","pubTimestamp":1744195740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1049 GMT - Austrian lender Erste Bank has previously shown interest in expanding in Poland and could potentially set its sights on Santander's operations in the country should the Spanish bank put them up for sale, Citi says in a research note. Bloomberg reported that Santander is considering divesting its 62% stake in Santander Bank Polska. Analyst Simon Nellis outlines two potential scenarios at current market prices: one in which Erste buys the entire subsidiary--triggering a tender offer--and one in which it buys 49.99%. \"Under both...the transaction would require a sizable capital increase of an estimated 8 billion euros in the first scenario and 4 billion euros in the second,\" he notes. The transaction would be significantly earnings accretive in either case, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4521":"英国银行股","SAN":"桑坦德银行","EBKDY":"Erste Group Bank AG","BK4207":"综合性银行"},"translate_title":"Erste银行被视为桑坦德银行波兰子公司的潜在买家——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBKDY":0.9,"SAN":0.9},"content_text":"1049 GMT - Austrian lender Erste Bank has previously shown interest in expanding in Poland and could potentially set its sights on Santander's operations in the country should the Spanish bank put them up for sale, Citi says in a research note. Bloomberg reported that Santander is considering divesting its 62% stake in Santander Bank Polska. Analyst Simon Nellis outlines two potential scenarios at current market prices: one in which Erste buys the entire subsidiary--triggering a tender offer--and one in which it buys 49.99%. \"Under both...the transaction would require a sizable capital increase of an estimated 8 billion euros in the first scenario and 4 billion euros in the second,\" he notes. The transaction would be significantly earnings accretive in either case, he adds. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 06:49 ET (10:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}