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Austria's Erste Group strikes deal with Santander

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

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 .

The Wall Street Journal on MSN · 3d

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.

Bloomberg · 3d

Erste to Buy Santander Polish Businesses in €7 Billion Deal

Erste Group Bank AG agreed to buy much of Banco Santander SA’s operations in Poland for about €7 billion ($7.9 billion), marking its largest deal ever.

Financial Post3d

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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