Santander Bank Polska stock faces Erste tender offer launch

Published on 11/02/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste Group is launching a tender offer for Santander Bank Polska stock as it seeks majority control. Subscriptions start November 3.

Offer Launch Reshapes Ownership Outlook

Erste Group plans to raise its stake in Erste Bank Polska above 50% while preserving at least 25% free float.
The subscription period is scheduled to start on November 3 and remain open for 30 days, subject to possible extension.
Settlement is expected in December, subject to sufficient shareholder participation and regulatory conditions.

Santander Bank Polska, PLBZ00000044, Illustration mit AI erstellt.

Erste Group is launching its voluntary tender offer for Erste Bank Polska, formerly Santander Bank Polska, on Monday, November 2, according to the bank's October 30 press release. The move follows regulatory approval and marks the next step in Erste Group's plan to increase its ownership of the Polish lender.

Erste Group Targets Majority Control

Erste Group currently holds 49% of Erste Bank Polska and wants to lift the stake above 50%. The offer cannot take ownership beyond 75%, preserving a free float of at least 25% in line with the commitment made to Poland's Financial Supervision Authority when Erste Group acquired its initial stake in January.

The offer price is approximately PLN 713 per share. Erste Group intends to finance the transaction from internal resources and expects to keep its common equity tier 1 ratio above 14.25% after completion. Settlement is anticipated in December 2026, provided enough shares are tendered and the ownership thresholds are met.

Subscription Period Starts November 3

The subscription period is expected to remain open for 30 days and may be extended under applicable regulations. For investors, the timetable puts shareholder participation and the final ownership level at the center of the near-term case. The transaction also continues the bank's integration into Erste Group after the ownership change earlier this year.

Santander Bank Polska stock traded at 172.53 euros on Lang & Schwarz at 10:50 CET on Monday, November 2, 2026.