Earlier this year, Spanish lender Santander (SAN) spurned a bid worth roughly GBP 11B for its U.K. retail bank from NatWest Group (NWG), the Financial Times reports. Santander rejected the offer because it believed the price was too low, the report says, adding that the bank has since raised EUR7B from the sale of its Polish stake as it pivots from Europe to the Americas.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAN:
- Banco Santander US Reports Record Q1 2025 Profit
- Banco Santander US: Record Profits Amid Global Challenges
- SAN Earnings this Week: How Will it Perform?
- Banco Santander price target lowered to 720 GBp from 750 GBp at Barclays
- Santander exploring options for $8B stake in Polish bank unit, Bloomberg says