Takeover bid at Banc Sabadell
Economy

BBVA does not consider it "ideal" for Banc Sabadell to sell TSB

1 min
BBVA President Carlos Torres in Bilbao.Luis Tejido / EFE

The possibility of Banco Sabadell being sold BBVA does not like its subsidiary TSBThe bank's chairman, Carlos Torres, stated this Wednesday that it is not "the ideal time" to sell "such a significant asset" as the subsidiary TSB while awaiting the bank's own takeover bid.