Erste Group plans cash tender offer for Santander Bank Polska stock

Published on 10/21/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste Group plans a cash tender offer for up to 26 percent of the bank. Santander Bank Polska stock costs EUR 175.15 on October 21, 2026.

Offer and earnings timetable

Erste Group planned to acquire up to 26 percent more on September 25, 2026.
Analysts estimated third-quarter adjusted earnings per share at PLN 15.13 on October 15, 2026.
Santander Bank Polska stock was trading at EUR 175.15 at 9:46 a.m. CEST on October 21, 2026.
Third-quarter results are scheduled for October 30, 2026.

Santander Bank Polska, PLBZ00000044, Illustration mit AI erstellt.

Santander Bank Polska (PLBZ00000044) was trading at EUR 175.15 at Lang & Schwarz on October 21, 2026 at 9:46 a.m. CEST. The key corporate development is Erste Group's planned cash tender offer for up to 26 percent of the bank, announced on September 25, 2026. For investors, the next test is the bank's third-quarter report due October 30, 2026.

The offer changes ownership math

According to TradingView on September 25, 2026, Erste Group intended to lift its existing 49 percent stake by up to 26 percentage points, potentially taking ownership above 50 percent but no higher than 75 percent. The offer price was set at PLN 713 per share, with launch planned for the start of November and settlement anticipated in December 2026.

The structure leaves at least 25 percent of the shares in free float under the stated conditions. That condition matters because the offer can target up to 26 percent, but acceptance and regulatory approval determine whether Erste Group moves beyond majority ownership.

What does October 30 mean?

On October 15, 2026, finanzen.at reported a consensus estimate of PLN 15.13 for third-quarter earnings per share, compared with PLN 18.48 in the prior-year quarter, a decline of 18.13 percent. Three analysts placed expected quarterly revenue at PLN 4.11 billion versus PLN 5.25 billion, down 21.80 percent.

Three dated steps for the stock

On January 9, 2026, Banco Santander's sale of a 49 percent stake closed for EUR 7,035 million, according to Tickerscout. On September 25, 2026, Erste Group announced the PLN 713 tender offer, and on October 15, 2026, the PLN 15.13 earnings-per-share estimate was published by finanzen.at.

The next dated milestones are the third-quarter results on October 30, 2026, and the planned offer launch at the start of November 2026, as reported by MarketBeat and TradingView.

Stock price and timetable

The offer provides a corporate valuation reference in PLN, while the German investor view is anchored by the euro quotation. Santander Bank Polska was trading at EUR 175.15 at Lang & Schwarz on October 21, 2026 at 9:46 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Santander Bank Polska stock.