Latest news with #ErsteGroupBankAG
Bloomberg
06-05-2025
- Business
- Bloomberg
European Stocks Notch Longest Streak of Gains Since 2021
European stocks eked out an advance for a 10th-straight session, marking their longest streak of gains since August 2021 as investors parsed deals news and tariff commentary. The Stoxx Europe 600 Index rose 0.2% on Monday, with Erste Group Bank AG leading the advance. Energy shares underperformed as oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase. UK markets were shut for a holiday on Monday.
Bloomberg
05-05-2025
- Business
- Bloomberg
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.
Bloomberg
28-04-2025
- Business
- Bloomberg
Erste Group Weighs Buying 49% of Santander's Polish Unit
By and Jorge Zuloaga Save Erste Group Bank AG is exploring buying a major stake in Banco Santander SA 's Polish unit, seizing an opportunity to expand in one of Europe's fastest-growing markets, according to people familiar with the matter. Austria's largest lender is discussing acquiring 49% of Santander Bank Polska SA, the people said, asking not to be identified discussing confidential information. That stake is valued at around €7.3 billion ($8 billion) based on the most recent stock price.
