REG - Banco Santander S.A. - Agreement with Deutsche Bank, A.G. <Origin Href="QuoteRef">SAN.MC</Origin>

Banco Santander SAAnnouncement

14/12/2017 07:30

RNS Number : 3353Z
Banco Santander S.A.
14 December 2017
MATERIAL FACT 
Santander Group hereby announces that its subsidiaryBank Zachodni WBK, S.A., together with Banco Santander, S.A., has reached an agreement with Deutsche Bank, A.G. for the acquisition of the retail and private banking businesses from Deutsche Bank Polska, S.A. (excluding foreign currency mortgage portfolio) and including the shares of DB Securities, S.A. (Poland) for an estimated total consideration of EUR 305 million. 
The transaction, which is subject to the required regulatory authorisations and the approval by the General Shareholders' Meetings of Bank Zachodni WBK, S.A. and Deutsche Bank Polska, S.A., will have a negligible impact, if any, on the Group's fully loaded CET1.
Boadilla del Monte, Madrid, 14 December 2017

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