british bank tsb agrees takeover from spains sabadell
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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British bank TSB agrees takeover from Spain's Sabadell

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Arab Today, arab today British bank TSB agrees takeover from Spain's Sabadell

British bank TSB
London - Arab Today

TSB, a division of Britain's bailed-out lender Lloyds Banking Group, has accepted a £1.7 billion takeover from Spanish bank Sabadell, the pair said Friday.
The two lenders have agreed terms on the cash offer which was pitched at 340 pence per share and worth 2.3 billion euros or $2.5 billion, they said in a statement.

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