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Evening Standard

Anna Wise

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Sabadell TSB Santander BBVA

Shareholders of Spanish banking group Sabadell have voted to approve the sale of TSB to Santander (Aaron Chown/PA) - (PA Wire)

Shareholders of Spanish banking group Sabadell have voted to approve the sale of TSB to Santander after striking a deal worth £2.65 billion.

Some analysts think the sale could make it easier for Sabadell to rebuff a potential hostile takeover bid by rival Spanish group BBVA.

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