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EBP Erste Bank Polska SA News Story

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Brief: Santander Bank Polska To Sell 60% Stake In Santander Consumer Bank For 3.11 Bln Zlotys

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;))

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