IFLR1000

Banco Santander $325 million acquisition of Deutsche Bank Polska

9/11/2018
Private acquisition
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$ 325 million

Completed

9/11/2018

Overview:

  • Banco Santander has acquired the private and commercial banking business of Deutsche bank Polska for $325 million.
  • In terms of assets, the acquisition makes Santander the second largest bank in Poland.
  • Deutsche bank will continue to operate in Poland outside of the private and commercial banking fields.

Rajeeb Gurung - Researcher

Jurisdiction:

Poland

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:
A&O Shearman A Pędzich

Party: Banco Santander (Acquirer)

Lawyer: Jarosław Iwanicki

Greenberg Traurig

Party: Deutsche Bank (Seller)

Lawyers: Lejb Fogelman, Łukasz Pawlak, Stephen Horvath III

Studnicki Pleszka Ćwiąkalski Górski

Party: Deutsche Bank Polska (Target)

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