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BANK ZACHODNI WBK SA to acquire 60% stake in Santander Consumer Bank S.A.

Wednesday, 27 Nov 2013 08:16am EST 

BANK ZACHODNI WBK SA:Says it has signed an investment agreement with Santander Consumer Finance SA and Banco Santander SA to acquire 3,120,000 shares of Santander Consumer Bank SA (SCB) located in Wroclaw, Poland.Says the shares nominal value is 100 Polish zlotys per share.Says the stake represents 60% of SCB's share capital and about 67% of its voting rights.Says the stake is worth 2,156,414.400 Polish zlotys.Says it will issue within the acquisition its new shares directly to SCB's shareholders in exchange for SCB's shares.Says the acquisition is to be examined by regulatory bodies. 

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