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Erste Group to Buy Santander Assets in Poland

Santander to Sell Poland Assets to Austria’s Erste Group for $7.9 Billion

Banco Santander agreed to sell most of its Polish assets to Austria’s Erste Group Bank, continuing a wave of dealmaking among European lenders.

Reuters on MSN · 2d

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

Goerlich MADRID/VIENNA (Reuters) -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.

Financial Times · 2d

Santander raises €7bn from Poland sale

Deal with Vienna-based Erste Group cuts exposure to country with few connections to Spanish bank’s biggest markets

Independent.ie8d

AIB’s former Polish subsidiary valued at €14bn in new deal

Austria’s biggest bank, Erste Group, is in talks to buy a major stake in Banco Santander’s Polish unit in a deal that values ...

Warsaw Business Journal2d

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 ...

Morningstar2d

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

Santander offloaded a 5.2% stake in Santander Bank Polska last year, but said at the time that Poland remained a core market. Poland accounted for 5.7% of Santander's underlying revenue in ...

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