Santander Polska Sale to Erste
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Business & Economics
Santander to offload 49% stake in Polish business to Erste for €7bn

76% Informative
Banco Santander has agreed to sell 49% of its shares in its Polish banking business, Santander Polska , to Austrian bank Erste Group for 6.8bn ($ 7.7bn ) Erste will acquire 50% of the asset management business (TFI) not currently owned by the bank for 0.2bn.
Santander and Erste have agreed to enter a strategic cooperation covering Corporate & Investment Banking (CIB ) and payment services.
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