Santander Approached Sabadell About Takeover of TSB Unit in U.K., Sky News Says, Citing Sources

Published on 18/06/2025 at 14:54

Dow Jones

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-- Spain's Santander is among the parties that have approached Sabadell about a deal for its U.K. subsidiary TSB, Sky News reports, citing unnamed sources.

-- Santander hasn't put forward a formal offer and wasn't sure to do so, Sky News reports. The value that TSB might attract in any takeover is unclear.

-- Santander, which is also present in the country through its Santander UK subsidiary, declined to comment to Sky News.

Full story: https://tinyurl.com/mry627u7

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

06-18-25 0953ET

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BANCO SANTANDER, S.A.

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ES0113900J37

Market Closed - BME Other stock markets 16:44:48 16/07/2025 BST
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