Erste Group Mulls Buying Stake in Santander's Polish Unit, Bloomberg Says, Citing Sources

Dow Jones

Apr 28, 2025

--Erste Group Bank is considering buying a 49% stake owned by Spanish lender Santander in its Polish division, which could trigger a mandatory takeover offer for Santander Bank Polska, Bloomberg reports, citing unnamed sources.

--A decision is expected in the coming weeks though a deal isn't set yet and could fall apart if the Austrian bank and Santander don't agree on a price, Bloomberg reports.

--Erste Group declined to comment to Bloomberg.

--At its full-year results in February, Erste Chief Executive Peter Bosek said the bank could consider opportunities in Poland, a market that makes strategic sense. "We will not entertain any deal that does not create value for shareholders. So, in that sense not that much has changed in our approach to Poland. What will change, though, is that we put more creativity and effort into finding the right opportunity."

Full story: https://tinyurl.com/563jwtxt

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

Erste Group Bank is considering buying a 49% stake in Santander's Polish division, a threshold at which it avoids triggering a mandatory takeover offer for Santander Bank Polska, Bloomberg reports, citing unnamed sources. "Erste Group Mulls Buying Stake in Santander's Polish Unit, Bloomberg Says, Citing Sources," at 1223 GMT on Monday, incorrectly said the potential transaction could trigger a mandatory offer.

(END) Dow Jones Newswires

April 29, 2025 04:19 ET (08:19 GMT)

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So, in that sense not that much has changed in our approach to Poland. 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So, in that sense not that much has changed in our approach to Poland. What will change, though, is that we put more creativity and effort into finding the right opportunity.\" \n\n\n \n\n\n  Full story: https://tinyurl.com/563jwtxt \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n\n \n\n\n  Erste Group Bank is considering buying a 49% stake in Santander's Polish division, a threshold at which it avoids triggering a mandatory takeover offer for Santander Bank Polska, Bloomberg reports, citing unnamed sources. \"Erste Group Mulls Buying Stake in Santander's Polish Unit, Bloomberg Says, Citing Sources,\" at 1223 GMT on Monday, incorrectly said the potential transaction could trigger a mandatory offer. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2025 04:19 ET (08:19 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}