CEO Lukas Enzersdorfer-Konrad will step down in 2027 as Christian Trummer becomes Co-CEO during a leadership transition at Bitpanda.

Investing.com -- Shares of Austria’s Erste Group (EBS) surged over 6% on Monday following the bank’s agreement to acquire a 49% stake in Banco Santander ’s (BME:SAN) Polish unit and a 50% stake in its Polish asset management business. Simultaneously, Banco Santander’s shares saw a modest increase of approximately 1%. However, shares of Santander Bank Polska (SPL), the Polish unit, experienced a decrease, falling by 4.5%. Santander on Monday announced the €7 billion all-cash sale of a 49% stake in Santander Polska to Erste, valuing the bank at 2.2 times its Q1 2025 tangible book value and pricing shares at 584 zlotys each. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

YouTube video by Erste Group