Spanish bank in takeover bid

TSB — the bank formerly owned by Lloyds — has agreed to a GBP1.7billion ($F5.27b) takeover by Spanish bank Sabadell. The takeover of the UK bank comes less than a year after it rejoined the stock market when Lloyds Banking Group sold off 50 per cent of the business. Sabadell’s 340 pence a share offer […]

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