Sabadell chairman: Rival bids for TSB not likely

• Banco Sabadell (OTCPK:BNDSY) sees little chance of a rival bidder for TSB (OTCPK:TSBBY) emerging, as it nears a £1.7B takeover of the British bank, said Chairman Josep Oliu, adding he did not expect major regulatory obstacles for the purchase.
• Sabadell, Spain's fifth-biggest bank, already effectively controls 30% of TSB thanks to a call option on shares and has the backing of Lloyds (NYSE:LYG), which owns a 50% stake in the lender.