{"id":219962,"date":"2025-06-28T00:34:09","date_gmt":"2025-06-28T00:34:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/219962\/"},"modified":"2025-06-28T00:34:09","modified_gmt":"2025-06-28T00:34:09","slug":"banco-sabadell-considers-offers-for-uk-unit-tsb","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/219962\/","title":{"rendered":"Banco Sabadell Considers Offers for UK Unit TSB"},"content":{"rendered":"<p>The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one bank with which to negotiate a potential deal, Bloomberg\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-27\/santander-barclays-said-to-be-final-bidders-for-sabadell-s-tsb?sref=zNmRQ0gk\" target=\"_blank\" rel=\"noopener\">reported<\/a>\u00a0Friday.<\/p>\n<p>It is not certain that Santander or Barclays will make a deal or that Sabadell will proceed with a sale, according to the report.<\/p>\n<p>Sabadell CEO\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/es.linkedin.com\/in\/cesar-gonzalez-bueno\" target=\"_blank\" rel=\"noopener\">Cesar Gonzalez-Bueno<\/a>\u00a0said earlier this week that the bank will only sell TSB if a deal \u201cmakes sense,\u201d per the report.<\/p>\n<p>Gonzelez-Bueno added that Sabadell is likely to make a decision on TSB by July 24, according to the report.<\/p>\n<p>In the meantime, BBVA, which is a rival of Sabadell, is close to receiving the approvals it needs before taking its offer to Sabadell shareholders, the report said.<\/p>\n<p>The Spanish government said Tuesday (June 24) that BBVA\u2019s offer can go ahead as long as the two banks keep separate operations for between three years and five years, per the report.<\/p>\n<p>It was reported Tuesday that those limitations on how the two financial institutions can proceed had placed a significant roadblock on a potential BBVA-Sabadell\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.pymnts.com\/cpi-posts\/spain-puts-brakes-on-bbva-sabadell-merger-deal-faces-uncertain-future\/\" target=\"_blank\" rel=\"noopener\">merger<\/a>.<\/p>\n<p>The announcement triggered an immediate response in the markets, with shares of Sabadell, which had previously\u00a0climbed on optimism around the deal, reversing course and becoming one of the weakest performers in a key European banking index.<\/p>\n<p>With hopes for a swift integration dampened, investors appeared concerned about the diminishing prospects for near-term cost savings, a key motivation behind the proposed merger.<\/p>\n<p>BBVA said after the Spanish government\u2019s decision that it was reviewing the imposed conditions.<\/p>\n<p>It was reported in May that the European Union warned Spain against placing undue barriers on mergers that comply with regulatory standards, arguing that\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.pymnts.com\/cpi-posts\/eu-backs-bank-mergers-criticizes-spanish-scrutiny-of-bbva-bid\/\" target=\"_blank\" rel=\"noopener\">consolidation<\/a>\u00a0is necessary to strengthen the European banking system.<\/p>\n<p>The EU\u2019s statement came shortly after Spain announced a formal government review of BBVA\u2019s proposed acquisition of Sabadell.<\/p>\n<p>The review was reported to be a rare move, as the deal was already approved by both the European Central Bank and Spain\u2019s competition authority.<\/p>\n","protected":false},"excerpt":{"rendered":"The bank is accepting offers for TSB through Friday (June 27) and is likely to then select one&hellip;\n","protected":false},"author":2,"featured_media":219963,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[8669,44662,748,393,4884,12,1144,3279,44657,11939,712,8673,16,15,1764,3281],"class_list":{"0":"post-219962","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-barclays","10":"tag-bbva","11":"tag-britain","12":"tag-england","13":"tag-great-britain","14":"tag-news","15":"tag-northern-ireland","16":"tag-pymnts-news","17":"tag-sabadell","18":"tag-santander","19":"tag-scotland","20":"tag-tsb","21":"tag-uk","22":"tag-united-kingdom","23":"tag-wales","24":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114758186580172608","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/219962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=219962"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/219962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/219963"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=219962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=219962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=219962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}