Erste Plans Stake Increase in Polish Unit

ERSTE GROUP BANK AG plans a tender offer to acquire an additional 26% stake in Erste Bank Polska for about 713 zloty ($185.95) per share in cash. The move deepens the Austrian lender's footprint in Poland following its acquisition of a controlling position earlier in the year. The transaction values the target lender at 82.5 billion zlotys ($21.51 billion).