Sabadell is investigating the sale of High Street Bank TSB

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Sabadell, the British Bank is investigating the sale of the PSB, as the Spanish loan, the local opponent from BBVA to host 11 billion euros.

Fencing UK works with consultants to download the UK High Avenue Unit and explore contact with potential bidders, explained people who are familiar with their financial time.

Two people are distributed to the potential bidders in the past week documents on sale documents in recent weeks, and stakeholders are allowed to access the information room, he said.

Another person said that Sabadell has started the process after many parties received unwanted interest in the TSB. Interesting bidders were expected to offer proposals this month.

Sabadell, the TSB, which previously belongs to the Lloyds Banking Group in 2015, had a 1.7 billion pounds of the Bank’s strategy and moved away from Spain.

However, it has been a battle with BBVA in a battle with a battle with BBVA, with BBVA.

Spain’s Socialist Government Government, who opposed Sabadell’s seizure to Sabadell last month, last month’s full opinion by the Cabinet ministers, the attempt to combine two of the country’s largest banks.

The second largest player in the country’s credit market in the country, the second largest player in the country’s credit market, but Caixabank falls shortly.

Potential bidders for Sabadell’s TSB may include Barclays, Natwest, Santander UK and HSBC. Sabadela approached any parties about a contract.

Last year, TSB, at the end of 2024, 285 million pounds.

The sales process for the TSB is the latest attempt from the British industry and Santander recently rejected the proposals from Natwest and Barclays for the British Retail Bank, previously reported.

It was unclear what Sabadell’s price for TSB, but one person familiar with the bank could be caused by 1.7bn and 2 billion pounds. TSB, at the end of last year, he had 2.1 billion pounds.

The return of at least one part of the income from the sale to shareholders can help BBVA SAGA.

Since the beginning of the beginning of 2024, BBVA’s proposal has become the most well-tempered seizure of Spain over the years. This is initially greeted by the Board of Sabadell, which rejects the Friendship Approach by BBVA, as well as Sabadellin’s work elite, Sabadell’s roots.

Last month, the European Commission warned the Spanish government did not have the power to block BBVA’s proposal. Prime Minister Pedro Sánchez’s office decided to apply for extra conditions or contract to decide whether there are no reasons for June 27.

Sabadell is currently a proposal, the Board, the Board of Directors “Passivities” should be submitted to shareholders to approve any agreement on the sale of the TSB.

If BBVA Sabadell is successful in the seizure, the bank is expected to be considered to download TSB.

Sabadell refused to comment.