Spanish bank Sabadell sells TSB to Banco Santander for 3.3 billion euros

Banco de Sabadell

01/05/2026 08:29

MADRID, May 1 (Reuters) - Spain's Banco Sabadell has completed the sale of its UK subsiduary TSB to Banco Santander for 3.3 billion euros ($3.87 billion), Sabadell said on Friday.

The transaction will allow Sabadell to realise a capital gain of 300 million euros and distribute a special dividend of 0.50 euros to its shareholders on May 29.

($1 = 0.8524 euros)

 (Reporting by Graham Keeley
Editing by David Goodman)

 ((graham.keeley@thomsonreuters.com;))