White & Case Advises Banco Santander on PLN 1.72 Billion Sale of Santander Bank Polska Shares

"White & Case advised Banco Santander on the accelerated sale of 3,576,626 ordinary shares in Santander Bank Polska at PLN 482 per share, raising PLN 1.72 billion (approx. EUR 400 million), equal to about 3.5% of the bank’s share capital. After settlement, Banco Santander will retain a majority stake of approximately 58.7%."

White & Case advised Banco Santander on the sale of 3,576,626 ordinary shares in Santander Bank Polska. The transaction was carried out via an accelerated bookbuilding process at PLN 482 per share. The placement raised PLN 1.72 billion (approximately EUR 400 million) and represents around 3.5% of Santander Bank Polska’s share capital. Following settlement of the offering, Banco Santander will continue to hold a majority stake of approximately 58.7%. The offering was conducted with Banco Santander as manager. Joint global coordinators and joint bookrunners included Santander Bank Polska, Santander Brokerage Poland, Bank Handlowy in Warsaw Brokerage Office, Citigroup Global Markets Europe and BofA Securities Europe, with Goldman Sachs Bank Europe also participating. Erste Group Bank and Erste Securities Polska acted as co-managers. White & Case represented Banco Santander with a team composed by: Partners Rafal Kaminski, Local Partner Monika Duzynska, Associate Dawid Ksiazek and further lawyers in London and Madrid.

White & Case Advises Banco Santander on PLN 1.72 Billion Sale of Santander Bank Polska Shares

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