Bloomberg News

Kredyt Bank Jumps on Report Banco Santander May Bid With EBRD

February 21, 2012

Feb. 16 (Bloomberg) -- Kredyt Bank SA jumped to a three- month high in Warsaw trading after Reuters reported Banco Santander SA is seeking to buy the Polish lender together with the European Bank for Reconstruction and Development.

The shares gained 3.4 percent to 12.4 zloty at 3:50 p.m. in Warsaw, valuing the Polish lender controlled by KBC Groep NV at 3.4 billion zloty ($1.1 billion).

To contact the editor responsible for this story: Pawel Kozlowski at pkozlowski@bloomberg.net


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