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BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB

  • BBVA is moving forward with its efforts to acquire Banco Sabadell, despite Sabadell's decision to sell its U.K. unit, TSB.
  • BBVA may make a tender offer to Sabadell's shareholders in the coming weeks, unaffected by Sabadell's sale of TSB.
  • Analysts see Sabadell's sale of TSB as a strategy to boost investor dividends and defend against BBVA's takeover bid.
  • BBVA has been pursuing a takeover of Sabadell for over a year, as both banks navigate the potential acquisition.

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