Spain Largest Bank $109 Billion Santander to Sell 49% of Santander Polska (Poland) & 50% of Polish Asset Management (TFI) to Austria Erste Group Bank for Total of $7.9 Billion (€7 Billion), Santander Owns Around 13% of Santander Polska (Poland) Post-Transaction & Plans to Fully Acquire Santander Consumer Bank Polska from Santander Polska with 60% Shareholding, Santander & Erste Form Strategic Cooperation in Corporate & Investment Banking (CIB) and to Allow Erste Access to Santander Payments Platforms
7th May 2025 | Hong Kong
Spain largest bank Santander ($109 billion market value) has announced to sell 49% of Santander Polska (Poland) & 50% of Polish Asset Management (TFI) to Austria Erste Group Bank for a total of $7.9 billion (€7 billion), with Santander to own around 13% of Santander Polska (Poland) post-transaction & plans to fully acquire Santander Consumer Bank Polska from Santander Polska with 60% shareholding. Santander & Erste have also formed a strategic cooperation in Corporate & Investment Banking (CIB), and to allow Erste access to Santander payments platforms. Announcement (5/5/25): “Banco Santander has agreed to sell to Erste approximately 49% of Santander Polska’s share capital for €6.8 billion and 50% of the Polish asset management business (TFI) that Santander Polska does not own for €0.2 billion, for a total consideration of €7 billion, subject to customary conditions including regulatory approvals. The all-cash transaction at 584 zlotys per share values the bank at 2.2 times first quarter 2025 tangible book value per share, excluding the declared dividend of 46.37 zlotys per share, and 11 times its 2024 earnings. It also represents a premium of 7.5% versus Santander Polska’s closing price on 2 May 2025, excluding the dividend, and 14% versus the six-month volume-weighted average price. Santander Polska’s shares will trade ex-dividend on 12 May 2025. Following the transaction, Santander will own c.13% of Santander Polska and plans to take full ownership of Santander Consumer Bank Polska before closing by acquiring the 60% stake owned by Santander Polska. Upon completion, which is expected around the end of 2025, the transactions are expected to result in a net capital gain of approximately €2 billion for Santander, increasing CET1 ratio by c.100 basis points, equivalent to around €6.4 billion, and result in a pro forma CET1 ratio of around 14%. Strategic cooperation – In addition to the acquisition, Santander and Erste are also announcing a strategic cooperation to leverage each firm’s strengths and footprint in Corporate & Investment Banking (CIB) and to allow Erste to gain access to Santander’s payments platforms, aligning with Santander’s strategy to be the best open financial services platform globally.”
“ Spain Largest Bank $109 Billion Santander to Sell 49% of Santander Polska (Poland) & 50% of Polish Asset Management (TFI) to Austria Erste Group Bank for Total of $7.9 Billion (€7 Billion), Santander Owns Around 13% of Santander Polska (Poland) Post-Transaction & Plans to Fully Acquire Santander Consumer Bank Polska from Santander Polska with 60% Shareholding, Santander & Erste Form Strategic Cooperation in Corporate & Investment Banking (CIB) and to Allow Erste Access to Santander Payments Platforms “
Spain Largest Bank $109 Billion Santander to Sell 49% of Santander Polska (Poland) & 50% of Polish Asset Management (TFI) to Austria Erste Group Bank for Total of $7.9 Billion (€7 Billion), Santander Owns Around 13% of Santander Polska (Poland) Post-Transaction & Plans to Fully Acquire Santander Consumer Bank Polska from Santander Polska with 60% Shareholding, Santander & Erste Form Strategic Cooperation in Corporate & Investment Banking (CIB) and to Allow Erste Access to Santander Payments Platforms
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
