1206 GMT - PKO Bank Polski would require a significant capital raise if it were to buy Santander's Polish unit, an asset it reportedly showed interest in more than a decade ago, Citi says in a research note. The acquisition could dilute the government's around 31% stake in the lender, the analysts add. Bloomberg reported that Spain's Santander was considering options for its majority stake in its subsidiary in Poland. Investors have been asking whether it makes sense for PKO to buy Santander Bank Polska if it is potentially back on the market, analysts Andrzej Powierza and Simon Nellis write. While the State Treasury's stake in the bank could decline as a result of a potential transaction, PKO's role in the Polish banking sector would increase, and hurt competition in the longer term, the analysts say. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 08:06 ET (12:06 GMT)
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