Santander Sells Stake in Santander Polska to Erste Group, Announces Strategic Collaboration

The latest update is out from Banco Santander ( (ES:SAN) ).

Banco Santander has announced the sale of 49% of its stake in Santander Bank Polska to Erste Group Bank for approximately 7 billion euros. This strategic move includes a collaboration in Corporate & Investment Banking and payments, enhancing Santander’s global platform capabilities. The transaction is expected to generate a net capital gain of 2 billion euros for Santander, improving its CET1 capital ratio and supporting its strategic focus on creating sustainable value for customers and shareholders.

More about Banco Santander

Banco Santander is a major global financial institution operating in the banking industry. It offers a wide range of financial services including retail banking, corporate and investment banking, and asset management. The company focuses on leveraging its global presence to provide comprehensive financial solutions and aims to be the best open financial services platform worldwide.

YTD Price Performance: 46.75%

Average Trading Volume: 4,121,526

Technical Sentiment Signal: Sell

Current Market Cap: £81.75B

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