US EditionSabadell's TSB Acquisition Race Heats Up with Santander and Barclays as Top Contenders
6 Articles
6 Articles
As the Basque bank analyzes the conditions of the government to decide whether to go ahead with the offer, the Catalan receives the offers this Friday by its British subsidiary, TSB. Santander and Barclays are kept in the bid for the entity, with bids that exceed 2 billion euros. The final decision, on whether to sell or not and to whom, will be taken in the next few days.Continue reading
Sabadell's TSB Acquisition Race Heats Up with Santander and Barclays as Top Contenders
As of 27 June, friction in the race to own the Sabadell-owned TSB bank has intensified in the UK. The two suitors have taken to the front line like Santander and Barclays. Sources with knowledge of the case say that the two banking giants have emerged as the primary contenders in the game when it comes to gaining control of TSB. The takeover of TSB is a major chance for both Santander and Barclays to strengthen their position in the banking mark…
This Friday the deadline to receive proposals of interest to acquire TSB, an operation that would torpedo the opa of BBVA
MADRID, 27 (EUROPA PRESS) Santander and Barclays are the two bidders who have finally maintained their interest in acquiring TSB, the British subsidiary of Banco Sabadell, although they still would not have submitted their offers in firm, according to financial sources to Europa Press. This Friday the deadline for the possible interested parties to submit offers [...] La entrada Santander and Barclays, the two main interested by the British subs…
The CEO of the Catalan bank will study whether this transaction generates value for its shareholders and has once again distanced it from BBVA's takeover bid, as Sabadell's chairman did last week at a meeting with shareholders.
The deadline for submitting tenders by the British subsidiary of Banco Sabadell, TSB, ends this Friday, June 27. The intention of the Catalan financial institution is to have a decision on a possible sale on July 24, in case the operation is fruitful, so the new strategic plan 2025.2027 could include projections on the sale. The managing director of the entity, César González-Bueno, has avoided giving specific dates and has not specified what it…
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