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Investing.com -- Banco Santander has completed an accelerated book-building process for the sale of shares in Santander Bank Polska, according to a statement from the Polish lender.
The Spanish banking giant sold 3,576,626 shares, representing a 3.5% stake in Santander Bank Polska. The sale price was set at 482 zlotys per share.
Following this transaction, Banco Santander now holds a 58.7% stake in the Polish bank.
The statement also noted that after the completion of this placement and the planned sale of approximately 49% stake in Santander Bank Polska to Erste Group Bank, Banco Santander will retain about 9.7% ownership in its Polish subsidiary.
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