EXCLUSIVE-Santander bid would value tsb at more than $3.2 billion, source says
By Amy-Jo Crowley and Andres Gonzalez
LONDON, June 30 (Reuters) - Santander SAN.MC is among bidders that submitted a binding offer for Spanish lender Sabadell's SABE.MC British unit TSB, two sources with knowledge of the matter told Reuters.
The offer would value the British bank at more than 2.3 billion pounds ($3.15 billion), one of the people said. Sabadell may hold a board meeting as soon as on Tuesday to decide on whether to proceed and if so which bid will win, the person said.
The people spoke on condition of anonymity because the process is private.
Santander and Sabadell declined to comment.
Other potential bidders include Barclays BARC.L, Bloomberg previously reported, which Barclays has not commented on. Reuters could not establish who the other bidders were.
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