Banco Santander's (SAN) proposed acquisition of UK-based bank TSB has received approval from Banco Sabadell shareholders, Sabadell said Wednesday.
Sabadell said it expects the sale of TSB to fetch a final price of about 2.88 billion British pounds ($3.83 billion), comprising a sale price of 2.65 billion pounds set as of March 31 and the profit generated between that date and the closing of the deal.
The deal is expected to close in Q1 of 2026, Sabadell said.
Santander shares were rising 1.8% in recent trading.
Price: 8.86, Change: +0.16, Percent Change: +1.78
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