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EBRD Takes 2% Stake In Poland's Bank Zachodni WBK

WARSAW--The European Bank for Reconstruction and Development has taken a 2% stake in Polish Bank Zachodni WBK SA (BZW.WA) worth 332 million zlotys ($97.6 million), through a new share issue in which only the EBRD took part, the bank said in a statement Tuesday. EBRD signaled its plan to make an equity investment in BZWBK, controlled by Spain's Banco Santander SA (SAN.MC), in February. The investment is intended to bolster BZWBK's planned merger with smaller Polish peer Kredyt Bank SA (KRB.WA). Santander agreed to acquire Kredyt Bank from Belgium's KBC Group NV, in an all-share deal, following which the Spanish bank would have controlled 76.5% of the enlarged Bank Zachodni, if the EBRD hadn't taken a stake. Poland's financial regulator KNF, which has yet to approve the deal, prefers Polish banks to have a free float of at least 25% and remain listed on the stock exchange in Warsaw. -Write to Marynia Kruk at marynia.kruk@dowjones.com

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
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06/30/201516:15:15Report of Foreign Issuer (6-k)
06/30/201513:28:21Report of Foreign Issuer (6-k)
06/30/201513:10:45Santander's Ana Botín Shakes Up Management a Second Time...
06/30/201512:23:47Santander's Ana Botín Shakes Up Management a Second Time...
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06/23/201505:11:12Transcom WorldWide Gets Contract Renewal From Banco Santander
06/19/201515:49:00Santander Holdings USA Strengthens Board With New Independent...
06/17/201516:56:32Report of Foreign Issuer (6-k)
06/17/201511:40:09U.S. Restricts Six Banks Over Mortgage Problems
06/16/201512:49:00Santander Donates $175,000 To The American Red Cross
06/15/201508:00:00Genzyme Initiates Phase 1/2 Clinical Trial to Evaluate Olipudase...
06/05/201505:51:40UK Financial Regulator Appoints Mark Steward as Enforcement Head
06/04/201512:41:15Report of Foreign Issuer (6-k)
06/04/201511:06:00Santander Recognized With Digital Strategy Award From Innovation...

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