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Investing.com -- Banco Santander SA (NYSE:SAN), Spain's largest bank, is considering various options for its majority stake in Santander (BME:SAN) Bank Polska SA, including a potential sale, according to Bloomberg News, citing people familiar with the matter. The bank is said to be working with an advisor to review its 62% stake in the Polish unit, which is currently valued at approximately $8 billion based on the most recent stock price.
The bank has also initiated contact to gauge the interest of potential investors for the stake in the Polish unit, according to sources who requested anonymity due to the private nature of the information.
It's important to note that these discussions are in the early stages and the final decision is yet to be made. Santander may decide to retain the asset for a longer period or consider a partial reduction of its stake in the Polish unit.
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