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News

Erste Group to Buy Santander Assets in Poland

Reuters on MSN · 3d
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.
Financial Times · 4d
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
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 ...
Morningstar4d
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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