Banco Santander announced this Tuesday, 2, that it placed almost 3.6 million shares in Santander Bank Polska, approximately 3.5% of the capital of the Polish branch, at a price of 482 zlotys per share (114 euros).
After the settlement of this accelerated placement of ordinary shares, and after the closure of the planned sale of approximately 49% of Santander Bank Polska to Erste Group Bank, announced on May 5, Banco Santander will have a stake of approximately 9.7% of the share capital of the Polish branch.
The information is contained in a statement that Banco Santander sent to the Spanish National Securities Market Commission, in which it specifies that the remaining shares of Santander Bank Polska that will continue to be held by Banco Santander will be subject to a ‘lock-up’ period of 90 days, which will be subject to the usual exceptions.
The ‘lock-up’ also makes it possible to complete the closure of the operation with Erste, adds the information, cited by the EFE news agency.
Banco Santander expects the placement to be settled on Thursday, under the usual settlement terms.
The entity chaired by Ana Botín announced that it will continue its commitment to the Polish market through Santander Consumer.
Furthermore, he indicated that a strategic collaboration with Erste is planned to take advantage of the strengths and presence of each company in Corporate & Investment Banking and allow Erste to have access to Santander’s payment platforms.