This transaction, valued at 3.3 billion euros, with 2.5 billion euros directly allocated to shareholders, represents one of Banco Sabadell's key strategies to retain its shareholder base. The move was crucial in thwarting a hostile takeover bid by BBVA, proving to be a successful tactic for the institution.

The decision to sell TSB was swiftly made last summer, despite the efforts and challenges the British subsidiary had presented over a decade. Once TSB's situation stabilized, the bank's management opted for the sale to focus on the Spanish market and strengthen its position against the BBVA takeover threat. Two shareholder meetings held on August 6 at Fira Sabadell ratified both the sale and the superdividend payment.

The sale of TSB has now been finalized for 3.3 billion euros, exceeding the initially agreed 3.05 billion euros due to an additional 240 million euros generated by the subsidiary since the agreement. Banco Sabadell has announced that this operation yields a capital gain of 300 million euros. The entity has committed to distributing approximately 6.5 billion euros among its shareholders during the 2025, 2026, and 2027 fiscal years.