herald

Wednesday 22 August 2018

Santander bank bid

SPANISH bank Santander has offered to buy 100pc of Poland's Bank Zachodni, which was 70pc owned by Allied Irish Banks.

Santander is offering Zachodni's remaining investors a 4.5pc premium to market prices if they'll part with their shares in the bank before March 25.

Santander has also been linked to the purchase of some of AIB's assets in the UK.

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