WARSAW – 17 June 2025 – Greenberg Traurig acted as sole external transaction counsel to companies in the Santander Group in relation to the agreement by Santander Consumer Finance, SA to acquire 60% of the shares of Santander Consumer Bank SA from Santander Bank Polska SA for PLN 3.1 billion.
The transaction is subject to approval by the Polish Financial Supervisory Authority and is expected to be completed by the end of the year.
The M&A Team was co-led by Partners Stephen Horvath and Łukasz Pawlak and included Local Partner Maciej Pietrzak and Counsel Agnieszka Stopińska who were supported by Associate Michał Kuratowski.
Senior Partner Lejb Fogelman provided strategic advice on the transaction.
Local Partner Maciej Kacymirow was responsible for the tax aspects of the transaction. Partner Rafał Sieński, supported by Senior Associate Grzegorz Socha, provided advice on public company law. Partner Łukasz Pawlak is advising on the required PFSA approvals and is supported by Senior Associate Agata del Rosal-Iżyk and Associate Piotr Brzostek.
“This marks the third major banking transaction in Poland in 2025 led by Greenberg Traurig. We are honored to have been chosen by the Santander Group to assist them in this further step in the reconfiguration of the Polish banking landscape. The level of activity in 2025 in the Polish and broader CEE banking landscape further demonstrates the depth of Poland’s M&A market and the region’s increasing attractiveness to global capital,” said Lejb Fogelman, Senior Partner at the Greenberg Traurig Warsaw Office.
“We are proud to have supported the Santander Group on another important transaction in Poland this year. Greenberg Traurig is the “Go-To” firm for high-stakes, high-value banking transactions across CEE,” said Stephen Horvath, Partner in the Warsaw M&A Practice.