Spain's Santander sells 49% in Polish unit to Erste for $7.7 bln

Erste Bank AG

05/05/2025 07:43

MADRID, May 5 (Reuters) - Spain's Santander SAN.MC on Monday announced the sale of a 49% stake in its Polish unit Santander Bank Polska SPL1.WA for around 6.8 billion euros ($7.70 billion) to Austria's Erste Group Bank ERST.VI.

It also reached a deal to sell a 50% stake in Santander's Polish asset management business to Erste for 200 million euros.

($1 = 0.8833 euros)

 (Reporting by Jesús Aguado; editing by Inti Landauro)

 ((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))