Santander to acquire UK-based TSB from Sabadell in £2.65B cash deal

6 days ago 3

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Banco Santander (NYSE:SAN) on Tuesday announced an agreement to acquire 100% of the UK-based TSB Banking Group from Banco de Sabadell (OTCPK:BNDSF) (OTCPK:BNDSY) for an enterprise value of £2.65B in an all-cash transaction.

SAN shares were -0.42% to $8.27 in the

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