Market Chatter: Santander, Barclays are Final Bidders for Sabadell's UK Unit TSB

MT Newswires Live
27 Jun

Banco Santander (SAN) and Barclays (BCS) are the final bidders for Banco Sabadell's UK unit TSB, Bloomberg reported Friday, citing unnamed people familiar with the matter.

Sabadell is expected to choose one of the offers, which were due Friday, and begin talks for a potential sale, the sources told Bloomberg.

Santander, Barclays and Sabadell did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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