Erste's Santander Bank Polska Deal Could Drag on Stock -- Market Talk

Dow Jones

Apr 29, 2025

0553 GMT - The acquisition of a 49% stake in Santander's Polish operations by Austria's Erste Group makes strategic sense but the large capital increase likely needed to finance it may not please investors, Citi says after the banks said they are in talks about a potential deal. "Given the elevated trading multiples of the target and the size of the transaction it is likely that the transaction will require a sizable capital increase which may not be appreciated by the market," analyst Simon Nellis writes in a research note. Beyond this, the deal for Santander Bank Polska would be positive for Erste as it would solidify its position as a strong player in Central Europe. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 29, 2025 01:53 ET (05:53 GMT)

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Beyond this, the deal for Santander Bank Polska would be positive for Erste as it would solidify its position as a strong player in Central Europe. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2025 01:53 ET (05:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Erste's Santander Bank Polska Deal Could Drag on Stock -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErste's Santander Bank Polska Deal Could Drag on Stock -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-29 13:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0553 GMT - The acquisition of a 49% stake in Santander's Polish operations by Austria's Erste Group makes strategic sense but the large capital increase likely needed to finance it may not please investors, Citi says after the banks said they are in talks about a potential deal. \"Given the elevated trading multiples of the target and the size of the transaction it is likely that the transaction will require a sizable capital increase which may not be appreciated by the market,\" analyst Simon Nellis writes in a research note. Beyond this, the deal for Santander Bank Polska would be positive for Erste as it would solidify its position as a strong player in Central Europe. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2025 01:53 ET (05:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4521","symbol_name":"英国银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2531722337","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531722337","pubTimestamp":1745905980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0553 GMT - The acquisition of a 49% stake in Santander's Polish operations by Austria's Erste Group makes strategic sense but the large capital increase likely needed to finance it may not please investors, Citi says after the banks said they are in talks about a potential deal. \"Given the elevated trading multiples of the target and the size of the transaction it is likely that the transaction will require a sizable capital increase which may not be appreciated by the market,\" analyst Simon Nellis writes in a research note. Beyond this, the deal for Santander Bank Polska would be positive for Erste as it would solidify its position as a strong player in Central Europe. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4521":"英国银行股","BK4207":"综合性银行","SAN":"桑坦德银行","EBKDY":"Erste Group Bank AG"},"translate_title":"Erste与桑坦德银行Polska的交易可能会拖累股市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBKDY":0.9,"SAN":0.9},"content_text":"0553 GMT - The acquisition of a 49% stake in Santander's Polish operations by Austria's Erste Group makes strategic sense but the large capital increase likely needed to finance it may not please investors, Citi says after the banks said they are in talks about a potential deal. \"Given the elevated trading multiples of the target and the size of the transaction it is likely that the transaction will require a sizable capital increase which may not be appreciated by the market,\" analyst Simon Nellis writes in a research note. Beyond this, the deal for Santander Bank Polska would be positive for Erste as it would solidify its position as a strong player in Central Europe. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2025 01:53 ET (05:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}