BZ WBK gets approval to buy Santander Consumer Bank
WSE-listed lender BZ WBK was granted clearance by Poland’s Financial watchdog KNF to takeover a 60 percent stake in retail bank Santander Consumer Bank. Both entities are owned by Spanish Banco Santander.
BZ WBK signed a deal back in November 2013 to acquire 3,120,000 ordinary and preferred shares in Santander Consumer Bank representing 60 percent of the share capital and 67 percent of the votes at the general meeting of the shareholders of Santander Consumer Bank.
