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Santander gets anti-trust clearance for BZ WBK takeover


2011-02-21



The Office of Competition and Consumer Protection (UOKiK) has given the green light for Santander, the biggest financial services group in the eurozone, to acquire BZ WBK, Poland’s number three bank by branch network and profits, from Allied Irish Banks (AIB). The deal, announced in September, is worth €2.9bn.

In the auction for BZ WBK the Spanish group saw off competition from France’s BNP Paribas and PKO BP, the largest bank in Poland.



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