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Austria's Erste Group strikes deal with Santander

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.

Polskie Radio · 2d

Santander to sell stake in Polish units to Austria's Erste Group for €7 billion

Spanish banker Ana Botín, executive chair of Santander Group since 2014, confirmed via social media that Santander has agreed to sell 49% of its Polish banking subsidiary, Santander Bank Polska, and 50% of its Polish asset management arm to Austria’s Erste Group.

Reuters on MSN · 3d

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 Post2d

Santander's Botin Speeds Up Americas Pivot With Polish Unit Sale

The disposal in Poland will reduce the Spanish lender’s dependence on Europe further. Santander last year had around 63% of it assets in Europe, down from 66% when Botin took over. In the same ...

Morningstar3d

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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