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Latest news with #UKRetailBank
Bloomberg
09-05-2025
- Business
- Bloomberg
Santander Rejected Bid of About £11 Billion for UK Unit, FT Says
By and Jorge Zuloaga Save Banco Santander SA rejected a bid worth between £10 billion ($13 billion) and £12 billion for its UK retail bank from NatWest Group Plc earlier this year, according to the Financial Times. The Spanish lender believed the offer for Santander UK was too low and the bid is no longer live, the FT said, citing people familiar with the matter it didn't identify.
Reuters
09-05-2025
- Business
- Reuters
Santander rejects NatWest's nearly $15 billion bid for UK retail unit, FT reports
May 9 (Reuters) - Banco Santander ( opens new tab has rejected an offer of around 11 billion pounds ($14.63 billion) from NatWest (NWG.L), opens new tab for its UK retail bank, saying the bid undervalued the business, the Financial Times reported on Friday. ($1 = 0.7519 pounds)
