Barclays PLC (LSE:BARC) proposed to acquire TSB Banking Group plc from Banco de Sabadell, S.A. (BME:SAB) in a transaction valued at ?2.8 billion on July 1, 2025. In a separate transaction, Banco Santander, S.A. proposed to acquire TSB Banking Group plc from Banco de Sabadell, S.A. The sale of would allow Banco de Sabadell, S.A. to improve shareholder remuneration in the midst of the battle to thwart the takeover bid and also allocate part of the resources to target its growth, with a focus more on Spain.
The transaction is subject to approval of merger agreement by target board of directors and shareholders of Banco de Sabadell, S.A.
Barclays PLC is one of Britain's leading banking groups. The activity is organized around three sectors:
- commercial banking: at the end of 2025, owned 206 branches worldwide;
- financing, investment, and market banking: specialized financing (acquisitions, projects, etc.), portfolio management, transactions on the stock, interest, exchange, and raw material markets, stock trading, merger-acquisition consulting, investment capital, etc.;
- credit cards issuing.
At the end of 2025, the group managed GBP 565.2 billion in current deposits and GBP 337.9 billion in current credits.
Income breaks down geographically as follows: the United Kingdom (54.2%), Europe (7.8%), Americas (32.8%), Asia (4.9%), Africa and Middle East (0.3%).
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