Erste Group has announced its intention to launch a voluntary tender offer for shares in Erste Bank Polska to increase its current 49 percent shareholding by up to an additional 26 percent, according to offer manager Erste Securities. The offer price will be approx. PLN 713 (EUR 163) per share.
"Erste Group intends to acquire between c. 1 percent and 26 percent of EBP's share capital, with the objective of increasing Erste Group's stake to above 50 percent but not exceeding 75 percent. This is in line with the investor commitment Erste Group made to the Polish Financial Supervision Authority ("PFSA") in connection with its acquisition of a 49 percent stake in EBP in January 2026, under which it undertook to maintain a free float of at least 25 percent of EBP's shares", it wrote.
Erste Group expects to launch the offer at the start of November 2026, with a subscription period of 30 days (extendable in accordance with applicable rules). Completion and settlement are anticipated in December 2026.
According to the release, the offer price reflects a 22.1 pct premium over the PLN 584 per share reference price of Erste Group's May 2025 announcement of the acquisition of the 49 pct stake.
Erste Bank Polska shares closed Friday’s session at PLN 807.60.
The offer will be subject to the fulfilment of several conditions.
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