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Advisory article

Stock exchange debut of Banco Santander results in 30 percent capitalization increase of the WSE.

The Warsaw office of Weil advised Banco Santander, S.A. on the introduction of 12.5 billion shares to trading on the main market of the Warsaw Stock Exchange (WSE). It was the largest-ever listing of a foreign company and the first listing of a Spanish company on the WSE.

The first listing of the shares in Banco Santander, S.A. on the WSE occurred on December 3, 2014. All of the shares in Banco Santander, S.A. are also listed on the Spanish stock exchanges and on the Milan, Lisbon, London, New York, Buenos Aires, São Paulo and Mexican stock exchanges.

Banco Santander, S.A. was established in 1857 and is the ultimate holding entity of Grupo Santander. At present, Banco Santander, S.A. is the largest bank in the Eurozone and the tenth largest bank in the world in terms of capitalization, which amounted to EUR 89.9 billion as at the end of June 2014. In April 2011, Banco Santander, S.A. became the majority shareholder of Bank Zachodni WBK S.A., the third-largest bank in Poland in terms of equity and number of branches. The stock exchange debut of Banco Santander resulted in an approximately 30 percent increase of the capitalization of the WSE.

The transaction team from the Warsaw office of Weil was composed of managing partner Paweł Rymarz, Regulatory partner Dr Łukasz Gasiński, Capital Markets partner Anna Frankowska, and associates Jacek Zawadzki and Magdalena Medyńska.


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