18 September 2024 … Global law firm White & Case LLP has advised Banco Santander S.A. (Banco Santander) on the sale of 5.32 million ordinary shares of Santander Bank Polska S.A. (Santander Bank Polska) at PLN 463 per share through an accelerated book-building process.

The transaction, valued at PLN 2.463 billion (€575 million), represents 5.2 percent of Santander Bank Polska’s existing share capital. Following the settlement of the placement, Banco Santander will maintain a majority shareholding in Santander Bank Polska, corresponding to 62.2 percent of the bank’s share capital. Poland remains a core market for Banco Santander, which will continue to support Santander Bank Polska’s strategy.

The transaction aligns with Banco Santander’s strategic focus on proactive capital allocation to create shareholder value. Banco Santander expects to redeploy the capital released from the transaction into value-accretive organic growth opportunities and/or additional share buybacks.

Joint global coordinators and joint bookrunners engaged on the transaction included Banco Santander, as a manager, not as the selling shareholder, Santander Bank Polska S.A. – Santander Brokerage Poland (Santander Biuro Maklerskie), Bank Handlowy w Warszawie S.A. – Brokerage Office of Bank Handlowy, Citigroup Global Markets Europe AG and Goldman Sachs Bank Europe SE.

The White & Case team which advised on the transaction included partners Rafał Kamiński (Warsaw), Juanma de Remedios (Madrid), Inigo Esteve and Melissa Butler (both London), local partner Monika Dużyńska (Warsaw), counsel Julio Peralta (Madrid) and associate Dawid Książek (Warsaw).

Contact:
Mariusz Mroczek
Senior Business Development Manager
White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.
T: + 48 22 50 50 225; M: +48 785 019 225
E-mail: mariusz.mroczek@whitecase.com