Banco Santander (SAN) and Erste Group Bank are in discussions for the latter to potentially acquire a 49% stake in Banco Santander's Santander Bank Polska, an Erste spokesperson confirmed to MT Newswires in an email Monday.
There is "no certainty" that the talks will lead to a final deal, the spokesperson said.
Financial terms were not disclosed.
Banco Santander did not immediately respond to MT Newswires' request for comment.
Banco's stock rose 1.3% in early trading Monday.
Price: 7.36, Change: +0.10, Percent Change: +1.31
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