Santander UK Completes £2.65bn Acquisition of TSB from Banco Sabadell
Santander UK has finalized its acquisition of TSB for £2.65 billion, enhancing its market position in the UK banking sector and aiming to boost return on tangible equity by 2028. The deal is expected to generate at least £400 million in cost synergies.
Tickers: $SAN
Topics: acquisitions banking uk market