Sabadell shareholders approve sale of its British unit TSB to Santander
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Source: Reuters
Sabadell's Sale of TSB: Sabadell shareholders approved the sale of its British unit TSB to Santander for £2.65 billion, a strategic move to counter BBVA's hostile takeover bid valued at approximately €15 billion.
Focus on Spanish Market: The sale allows Sabadell to concentrate on growth in Spain, with plans to distribute most of the proceeds as a special dividend to shareholders, while also addressing concerns about BBVA's transparency regarding future stock market value.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
