Erste Group Bank AG (EBS.VI) began the subscription period for its voluntary tender offer for shares of its Polish subsidiary, Erste Bank Polska, on November 3, 2026. The subscription period is expected to last 30 days.
The group announced the offer on November 2, 2026, after receiving the necessary regulatory approvals. The offer price is approximately PLN 713 per share.
Erste Group currently holds a 49% stake in Erste Bank Polska. It aims to raise its stake above 50%, with a maximum of 75%.
The Austrian banking group says the move will deepen its exposure to Poland, one of its core and most profitable markets in Central and Eastern Europe. It expects to fund the transaction from internal resources and for it to be accretive to earnings per share from 2027.