Banco Santander (SAN) has enlisted Citigroup (C) and Goldman Sachs (GS) to advise on a possible sale of its remaining interest in its Polish unit, Bloomberg reported Monday, citing people familiar with the matter.

The holding, valued at 6.8 billion Polish zloty ($1.9 billion), represents about 13% of the unit, the media outlet reported.

The sale could occur through book-building processes over the coming months, though no firm decision or timeline has been finalized, Bloomberg reported.

Santander reportedly still plans to maintain a footprint in Poland by taking full ownership of Santander Consumer Bank Polska, which was previously held by its local unit.

Santander, Citigroup, and Goldman Sachs did not immediately respond to MT Newswires' request for comment.

Shares of Santander were up about 2.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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