June 16 (Reuters) - Santander Bank Polska SA SPL1.WA:
RESOLVES TO SELL 60% STAKE IN SANTANDER CONSUMER BANK FOR PLN 3.105 BILLION
STAKE TO BE SOLD TO SANTANDER CONSUMER FINANCE S.A. OF BANCO SANTANDER GROUP
AGREED TRANSACTION PRICE MEANS THAT SBP WILL GENERATE A PROFIT OF PLN 369M AT THE STAND-ALONE LEVEL
TRANSACTION WILL REFLECT SCB GROUP'S NET ASSET VALUE AND CERTAIN ADJUSTMENTS, REMAINING P&L NEUTRAL FOR SBP GROUP AS OF END-2024
Source text: ID:nEM3c87g8a
Further company coverage: SPL1.WA
(Reporting by Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; 48 58 769 66 00;))