Erste Group CEO sees potential for takeover bids in Poland

Erste Bank AG

30/04/2025 09:08

VIENNA, April 30 (Reuters) - Austria's Erste Group ERST.VI finds the Polish market strategically interesting for potential acquisitions, its chief executive Peter Bosek said on Wednesday, adding however that any deal would have to be economically viable.

The bank is currently in discussions with Santander SAN.MC about buying a 49% stake in the Spanish bank's Polish unit SPL1.WA in a deal that could be worth more than $8 billion.

Bosek said he sees further takeover potential in Poland and expects more movement in the market there after the country's presidential election in May.

 (Reporting by Alexandra Schwarz-Goerlich, Writing by Rachel More; editing by Matthias Williams)

 ((rachel.more@thomsonreuters.com;))