Banco Santander S.A. Agreement with Deutsche Bank, A.G. (3353Z)
14 December 2017 - 6:29PM
UK Regulatory
TIDMBNC
RNS Number : 3353Z
Banco Santander S.A.
14 December 2017
MATERIAL FACT
Santander Group hereby announces that its subsidiary Bank
Zachodni WBK, S.A., together with Banco Santander, S.A., has
reached an agreement with Deutsche Bank, A.G. for the acquisition
of the retail and private banking businesses from Deutsche Bank
Polska, S.A. (excluding foreign currency mortgage portfolio) and
including the shares of DB Securities, S.A. (Poland) for an
estimated total consideration of EUR 305 million.
The transaction, which is subject to the required regulatory
authorisations and the approval by the General Shareholders'
Meetings of Bank Zachodni WBK, S.A. and Deutsche Bank Polska, S.A.,
will have a negligible impact, if any, on the Group's fully loaded
CET1.
Boadilla del Monte, Madrid, 14 December 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 14, 2017 02:29 ET (07:29 GMT)
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