Erste Group Proposes PLN 19.0b Tender Offer for 26% of Erste Bank Polska

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Erste Group Bank AG has proposed a voluntary tender offer to acquire an additional 26% stake in Erste Bank Polska for PLN 19.0b at approximately PLN 713 per share. If completed, the tender offer would increase Erste Group Bank AG's holding in Erste Bank Polska from 49% to as much as 75%, raising its exposure to the Polish market once all offer conditions are met. The proposed acquisition is planned to be funded entirely from Erste Group Bank AG's internal resources, with a targeted post offer CET1 ratio of more than 14.25%. The offer is subject to minimum acceptance, free float conditions and regulatory approval from the Polish Financial Supervision Authority, with launch expected at the start of November 2026 and completion targeted for December 2026. Analyst price targets on the stock include Citi's Buy rating with a PLN 845 target and Goldman Sachs' Neutral stance with a target lifted to PLN 750, while Simply Wall St's fair value estimate for Erste Bank Polska now stands at PLN 720.34, compared with PLN 687.74 previously.

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Erste Group proposes a PLN 19.0b tender offer to raise its Erste Bank Polska stake from 49% to 75%, funded from internal resources with a targeted CET1 above 14.25%.

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