Banco Santander to acquire 70.36% stake in Bank Zachodni WBK
Banco Santander, SA, a Spain based banking group, has agreed to acquire a 70.36% stake in Bank Zachodni WBK SA, a Poland-based commercial bank, from Allied Irish Banks, plc for EUR2,938 million.
Banco Santander SA, Spain's biggest bank, may sell a minority stake in its Brazilian unit in a primary share offering to raise funds from the lender's largest Latin American business.