Santander, Barclays Said to Be Final Bidders for Sabadell’s TSB

Banco Santander SA and Barclays Plc are the main contenders left in the race to acquire Banco Sabadell SA’s UK unit TSB, according to people familiar with the matter.

Santander and Barclays are the only banks in the data room with offers for the business due Friday, the people said, asking not to be identified because the process is private. Sabadell would then likely select one bank to start negotiations over a potential deal, the people said.