Historic Decision by Banco Sabadell Shareholders

In a landmark decision, Banco Sabadell shareholders have approved the sale of its British subsidiary, TSB, to Banco Santander. This strategic move is set to inject up to £2.9 billion into Sabadell, marking a significant milestone in the bank's history.

Strategic Benefits and Future Plans

"This transaction is not just a sale; it's a strategic leap forward for Banco Sabadell and its shareholders. It unlocks tremendous value, enabling us to reward our shareholders with an extraordinary dividend while keeping our capital ratio robust above 13%," stated Josep Oliu, Sabadell's Chairman. The bank aims to finalize this deal by March 31, 2026, setting a clear timeline for this transformative transaction.

Looking Ahead: Sabadell's Potential Sale to BBVA

Amidst these developments, Banco Sabadell finds itself at another crossroads, with the Spanish government giving the green light to BBVA's takeover bid, albeit with certain conditions. This approval adds another layer of intrigue to Sabadell's evolving narrative in the global banking sector.