Sabadell explores sale of UK high street bank TSB
Spanish lender sounds out bidders for British arm as it seeks to fend off hostile takeover from BBVA
Spanish lender sounds out bidders for British arm as it seeks to fend off hostile takeover from BBVA

Spanish bank to run combined business as Santander UK after £2.65bn takeover

Tender offer only won over shareholders holding 25% of smaller rival’s stock

Possibility of Sabadell shareholders getting a better offer from their Spanish rival leaves them with an uncomfortable choice

Spanish bank aims to conclude 18-month pursuit with improved €17bn bid for smaller rival

Catalan bank’s chief says offer is ‘riddled with risks and uncertainties’

Combining the two lenders would eventually create €900mn of synergies and form Spain’s second-biggest bank by assets