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- Liva & Laia : 15th November
The European Commission gave Spanish lender Banco Sabadell clearance on Monday for its £1.7bn acquisition of TSB. The EC said the combined company's moderate market share and limited overlap did not raise any competition issues.
Sabadell announced in March that it had agreed a takeover of TBS, which was spun off from Lloyds in 2013 under the orders of the European Commission and floated last year.
Lloyds owned 50% of TSB before the deal was announced and had been planning to sell this off by the end of the year.
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