REG - TSB Bank PLC TSB Banking Gp - Agreement for sale of TSB

Banco Santander SAAnnouncement

Yesterday 08:15

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RNS Number : 3115P  TSB Bank PLC  02 July 2025

TSB Bank PLC

2 July 2025

 

Banco Sabadell announced on 1 July that an agreement has been reached to sell
TSB to Santander Group for an eventual sale price of £2.9 billion, subject to
shareholder and regulatory approval.

 

The press release from Sabadell is here
(https://comunicacion.grupbancsabadell.com/en/press-room/sabadell-raises-shareholder-remuneration-to-38-billion-over-the-next-12-months-following-decision-submit-tsb-sale-for-shareholder-approval/)
and the market announcement is here
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.cnmv.es%2Fwebservices%2Fverdocumento%2Fver%3Ft%3D%257b47067fe4-43bc-4908-bc39-5d8e4ecfea31%257d&data=05%7C02%7CMedia%40tsb.co.uk%7C5079273005af4c31757a08ddb8c42ff0%7C01fab9c05d9c432e825ce5a335d03cdd%7C0%7C0%7C638869875116143763%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=EAJBSsAthMpBOqCaGk7NN0Op4o9Jag%2BLPMEYD41cBo4%3D&reserved=0)
.

 

Marc Armengol, TSB CEO, said:

 

"TSB is a truly special bank, run by a first-class team that deliver trusted
service and support for customers, day in and day out. Today's announcement
represents the next exciting chapter for this successful business, as part of
Santander, a highly regarded banking group. I believe this will prove to be an
excellent fit for our loyal customers."

 

For any media enquiries, please phone 020 7003 9369.

 

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