Greenberg Traurig has been appointed as the sole external transaction counsel for the Santander Group in its agreement for Santander Consumer Finance, SA to acquire 60% of shares in Santander Consumer Bank SA from Santander Bank Polska SA. The acquisition is valued at PLN 3.1 billion.
The deal awaits approval from the Polish Financial Supervisory Authority and is anticipated to conclude by the end of this year.
The M&A team was led by Partners Stephen Horvath and Łukasz Pawlak, with Local Partner Maciej Pietrzak and Counsel Agnieszka Stopińska, supported by Associate Michał Kuratowski. Senior Partner Lejb Fogelman provided strategic advice on the transaction.
Local Partner Maciej Kacymirow managed tax aspects, while Partner Rafał Sieński, assisted by Senior Associate Grzegorz Socha, advised on public company law. Partner Łukasz Pawlak is handling PFSA approvals with support from 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,” stated Lejb Fogelman, Senior Partner at 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 Warsaw M&A Practice.