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Erste Group Bank AG is in discussions to acquire a 49% stake in Santander Bank Polska from Banco Santander SA. The Vienna-based lender noted that while negotiations are ongoing, no agreement is guaranteed, and any transaction would be subject to standard closing conditions. Further announcements will be made if necessary.
Erste Group is currently in negotiations with Santander to acquire a 49% stake in its Polish subsidiary. This move reflects Erste's strategy to expand its presence in the Polish banking market, enhancing its regional footprint.
Erste Group Bank is negotiating to acquire a 49% stake in Santander's Polish unit, a deal potentially exceeding $8 billion. Santander, which holds a 62% stake in Santander Bank Polska, is exploring options for its investment amid a broader strategy to expand in the U.S. and reassess its British operations. Following the news, Erste's shares fell over 4%, while Santander's Polish unit saw a 2.2% decline.
Lloyds Banking Group is in discussions with GBST to replatform Halifax Share Dealing (HSDL), moving away from its initial plan to use FNZ's technology. Currently, the bank is in the discovery phase, conducting six weeks of workshops in Leeds, where HSDL's operations are based.
UBS Group AG is set to integrate Insightsoftware into its US Workplace Wealth Solutions business. The company operates across four main sectors: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). As of the end of 2024, UBS reported USD 745.8 billion in current deposits and USD 580 billion in current loans.
UBS Group AG is set to integrate Insightsoftware into its U.S. Workplace Wealth Solutions business. The company operates across four core sectors: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
Barclays PLC has disclosed a stake exceeding 1% in Dalata Hotel Group, in compliance with the Irish Takeover Panel Act, 1997. This move reflects Barclays' active market engagement, potentially impacting its investment strategy in the hospitality sector. Analysts rate Barclays' stock (GB:BARC) as an Outperform, citing strong financial performance and strategic share buy-backs, though caution is advised due to technical indicators and operational challenges.
Austrian bank Erste Group is in negotiations with Santander to acquire a 49% stake in the Spanish bank's Polish unit. Santander has indicated interest from multiple parties, but both banks caution that there is no guarantee the discussions will result in a deal.
Erste Group Bank AG is reportedly considering the acquisition of a 49% stake in Santander Bank Polska SA, the Polish unit of Spanish lender Santander. This potential move highlights Erste Group's interest in expanding its presence in the Polish banking market.
Banco Santander is in discussions with Erste Group Bank regarding the potential sale of a 49% stake in Santander Bank Polska. The bank has received interest from multiple parties, but there is no guarantee that these discussions will result in an agreement, and any transaction would be subject to closing conditions.
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erste group in talks to acquire stake in santander bank polska
17:26 28.04.2025
Erste Bank negotiating to acquire 49 percent stake in Santander Poland
17:21 28.04.2025
erste group bank in talks to acquire stake in santander's polish unit
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