US EditionSantander rejects NatWest's nearly $15 billion bid for UK retail unit, FT reports
- NatWest made an offer to acquire Santander's UK retail banking division, which was declined by Santander in 2025.
- Santander's refusal followed reports of the bid, and current talks are believed to have ceased without further discussions.
- Santander employs 18,000 staff and serves 14 million UK customers while insisting the UK business is core to its strategy.
- Santander told the Financial Times, "As we have said, the UK is not for sale and is a core part of Santander's diversified business model."
- The rejection ends NatWest's bid but maintains Santander's long-term commitment to the UK market and impacts future banking sector strategies.
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14 Articles
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Santander rejects an offer of 13 billion for its operations in the United Kingdom that, he insists, "are not for sale"
"The Santander business in the United Kingdom is not for sale." In those words, a spokesman for the Spanish entity responded to this newspaper in relation to the news...
Santander rejects NatWest's nearly $15 billion bid for UK retail unit, FT reports
Banco Santander has rejected an offer of around 11 billion pounds ($14.63 billion) from NatWest for its UK retail bank, saying the bid undervalued the business, the Financial Times reported on Friday.
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