White & Case has advised Banco Santander on the sale of 3,576,626 ordinary shares in Santander Bank Polska via an accelerated bookbuilding process at PLN 482 per share.
According to White & Case, the offering was conducted with Banco Santander as manager, alongside joint global coordinators and joint bookrunners Santander Bank Polska, Santander Brokerage Poland, Bank Handlowy in Warsaw Brokerage Office, Citigroup Global Markets Europe, BofA Securities Europe, while Goldman Sachs Bank Europe. Erste Group Bank and Erste Securities Polska acted as co-managers.
The PLN 1.72 billion (approximately EUR 400 million) placement represents around 3.5% of Santander Bank Polska’s share capital. Following the settlement, Banco Santander will continue to hold a majority stake of approximately 58.7%.
The White & Case team included Warsaw-based Partners Rafal Kaminski, Local Partner Monika Duzynska, and Associate Dawid Ksiazek and further lawyers in London and Madrid.
