Erste Group to announce tender offer for Erste Bank Polska shares on 2 November

In brief

• Erste Group plans to announce a voluntary tender offer for Erste Bank Polska shares on 2 November, with subscriptions from 3 November.
• The offer price is about 713 zł per share, and the announcement depends on regulatory approval.
• Erste holds 49% of the bank and wants to raise its stake above 50% but no higher than 75%.
• The bank's third-quarter net profit was 1.49 bn zł, down 21% year on year.

Tender offer timeline

Erste Group plans to announce the voluntary tender offer for Erste Bank Polska shares on Monday, 2 November 2026, and accept subscriptions from 3 November (Erste Group Bank planuje 2 XI ogłosić wezwanie na akcje Erste Bank Polska – bankier.pl) (Erste Group ogłasza wezwanie na akcje banku. Kurs akcji w dół – parkiet.com) (Erste Group Bank ogłosi wezwanie na akcje Erste Bank Polska. Znamy datę – Puls Biznesu). The announcement depends on regulatory approval, which the Austrian group says it is waiting for.

Price and funding

The offer price is about 713 zł per share. Erste Bank Polska shares fell on Friday, 30 October, despite the bank's third-quarter results.

Quarterly results

Erste Bank Polska reported third-quarter 2026 net profit of 1.49 bn zł, down 21% year on year (Erste Bank z mocnym spadkiem zysku. Wkrótce wezwanie na akcje – WNP.pl). The bank linked the drop partly to costs of its recent integration and rebranding.

Stake levels

• Erste Group's current stake: 49%
• Target upper limit: 75%
• Maximum additional stake under the offer: 26 percentage points
• Free float that must remain on the exchange: 25%

What it means for shareholders

The offer is a call to sell, so shareholders who accept would sell at the offer price during the subscription period. Erste Group earlier said the offer aims to lift its holding above 50%, but not beyond 75%. The investor does not want to hold more than 75% of the bank's shares.