Banco Santander SA and KBC Bank NV Announce Secondary Offer for Sale of BANK ZACHODNI WBK SA's Shares
BANK ZACHODNI WBK SA announced that on March 18, 2013, KBC Bank NV and Banco Santander SA have published its secondary offer for 19,978,913 shares of BANK ZACHODNI WBK SA. Under the offer, KBC Bank NV plans to sell 15,125,964 shares, representing a 16.17% stake. In addition, Santander SA plans to sell not less than 195,216 shares (currently representing a 0.21% stake) and not more than 4,852,949 shares, representing a 5.19% stake in BANK ZACHODNI WBK SA . Assuming that all shares included in the offer are sold, the number of BANK ZACHODNI WBK SA's shares in free float after the offer will be equal to 30%. The sale of shares would enable Banco Santander SA to fulfill its obligations to Polish Financial Supervision Commission. The indicative price range per share was established at the value from PLN 240 to PLN 270.
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