Nov. 10 at 6:43 PM
Banco Santander SA has hired Citigroup Inc. and Goldman Sachs Group Inc. to assist in selling its remaining 13% stake in its Polish unit, currently valued at 6.8 billion zlotys (
$1.9 billion).
The Spanish banking giant is exploring options to sell part or all of the stake through accelerated placements in the coming months, Bloomberg reported, citing sources familiar with the matter. The timing of the potential sale has not been finalized, and no definitive decision has been made.
The move follows Santander’s May agreement to sell a 49% stake in Santander Bank Polska SA to Erste Group Bank AG for about €7 billion (
$8.1 billion), a deal expected to close by late 2025. The sale aligns with Santander’s strategy to refocus its international operations.
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