Banco de Sabadell, S.A. (BME:SAB)?s British unit TSB (TSB Banking Group plc) is attracting initial interest from potential buyers including Barclays PLC (LSE:BARC) and Banco Santander, S.A. (BME:SAN), according to people familiar with the matter. The banks are in the early stages of exploring separate bids for TSB, according to the people, who asked not to be named discussing private information. Sabadell confirmed this week it had received expressions of interest and would consider offers for the business it?s owned for ten years.
A sale could help its defense against a hostile takeover by rival BBVA SA, by removing a valuable asset.
