Investing.com -- Banco Santander SA has hired Citigroup Inc. and Goldman Sachs Group Inc. to help sell its remaining 13% stake in its Polish unit, which is currently valued at 6.8 billion zloty ($1.9 billion).
The Spanish banking giant is exploring options to sell some or all of this stake through book buildings in the coming months, according to Bloomberg, citing people familiar with the matter.
The timing of the potential sale has not been finalized, and no definitive decision has been made yet.
This move follows Santander’s agreement in May to sell a 49% stake in Santander Bank Polska SA to Erste Group Bank AG for approximately €7 billion ($8.1 billion). That transaction is expected to be completed around the end of 2025.
The stake sale aligns with Santander’s strategy to refocus its international business operations.
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