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Santander to offload 49% stake in Polish business to Erste for €7bn

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Summary
Nutrition label

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.

VR Score

80

Informative language

82

Neutral language

87

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

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