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Santander to acquire UK-based TSB from Sabadell

Reuters on MSN · 19h

Santander bolsters presence in UK with acquisition of TSB for $3.64 billion

Spain's Santander on Tuesday said it had reached an agreement to acquire smaller rival Sabadell's British unit TSB for initially 2.65 billion pounds ($3.64 billion) in an all-cash deal, subject to approval by Sabadell shareholders.

GlobalData on MSN · 15h

Santander agrees to acquire TSB from Sabadell

Banco Santander has reached an agreement to acquire TSB Banking Group from Sabadell in an all-cash deal valued at up to £2.9bn. The deal values TSB at five times its expected 2026 net income. However,

Business Matters · 16h

Santander agrees £2.65bn deal to buy TSB from Sabadell

Santander agrees £2.65bn deal to acquire TSB from Spain’s Sabadell, beating Barclays in latest move amid accelerating UK banking consolidation.

18hon MSN

Santander doubles down on UK presence amid Spain's banking M&A turmoil

Santander is bolstering its British foothold with the proposed acquisition of TSB, despite the recent underperformance of its ...

15hon MSN

Spain's Santander buys TSB Bank to boost presence in the UK

The Spanish lender is about to become the third-largest bank in the UK by share of personal current accounts, after the deal ...

11h

Santander announces £2.65 billion takeover of popular high street bank with job cuts feared

High street bank Santander has agreed to purchase rival TSB for £2.65 billion, sparking concerns over potential job losses ...

1don MSN

Santander buys major high street rival as bank customers promised massive boost

Santander has acquired TSB in a £2.5 billion deal, beating Barclays to the Sabadell-owned unit, according to reports. The ...

Euro Weekly News16h

Santander to buy TSB

Santander has announced it will buy British bank TSB for £2.65 billion, raising fresh concerns about job losses and branch ...

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