Santander buys main excessive avenue rival with hundreds of thousands of consumers | UK | News | EUROtoday

Santander has acquired TSB in a £2.5 billion deal, beating Barclays to the Sabadell-owned unit, based on studies. The deal, which nonetheless wants regulatory and shareholder approval, will see TSB built-in into the Santander UK group, creating the second largest financial institution within the UK by private present account balances. The merger will deliver collectively Santander’s 23 million and TSB’s 5 million clients, delivering companies via a mixed community and digital infrastructure.

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