Santander Sells 49% in Polish Unit to Erste for €6.8 Billion
Banco Santander SA agreed to sell 49% of its Polish unit to Erste Group Bank AG for about €6.8 billion ($7.7 billion), in one of the largest banking transactions in Europe in recent years.
Erste also agreed to buy the 50% in the Polish asset manager TFI that's not already owned by the Polish unit from Santander for about €200 million, the two lenders said in separate statements on Monday.
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