Permanent TSB (PTSB) is moving to secure High Court approval for its takeover of BAWAG's Irish business, following a successful shareholder vote.

Austrian lender Bawag announced its ability to fully fund the PTSB takeover without external funds, following a reported net profit of €255 million for the second quarter of 2026.

Questions have arisen regarding whether Bawag Bank coordinated with the Finance Minister concerning its acquisition in Ireland. Reports suggest a potential agreement between Bawag and the minister, prompting scrutiny.

The Commercial Court has given its approval for Permanent TSB to convene a meeting of shareholders regarding the proposed €1.6 billion sale of the bank to Austrian banking group Bawag.

Austrian bank BAWAG is set to acquire Irish lender Permanent TSB (PTSB) in a deal valued at €1.62 billion.

Austrian bank BAWAG has offered 1.62 billion Euros to acquire an Irish financial institution.

Austrian bank BAWAG has reportedly submitted an offer to acquire the Irish bank PTSB.

PTSB shareholders have overwhelmingly voted in favor of Bawag's takeover bid, clearing a significant hurdle for the acquisition in Ireland. Approvals from the Irish High Court and regulators are still pending.

BAWAG Group AG reported GAAP EPS of €3.28 and core revenue of €589.7M, while Schindler Holding reported GAAP EPS of CHF 2.49 and revenue of CHF 2.74B. Both companies reaffirmed their financial outlook for fiscal year 2026.

The Court of Appeal has scheduled another hearing in July regarding PTSB's €1.6 billion takeover by the Austrian group BAWAG.

Austrian bank Bawag has successfully avoided a dispute in the Dublin High Court, which was initiated by a prominent PTSB shareholder to prevent the sale of an Irish bank to Bawag.

Bawag bank announced a 16 percent increase in net profit to 232 million euros in the first quarter, attributed to its expansion efforts. The bank is also adjusting its dividend strategy for a planned acquisition in Ireland.

Bawag shares have reached an all-time high, leading market analysts to suggest that Irish taxpayers were significant losers in a previous bank sale, drawing parallels to the 2013 sale of Irish Life.

Austrian bank Bawag is reportedly seeking to acquire Permanent TSB (PTSB), Ireland's third-largest private and commercial bank, with an offer exceeding one billion euros.

Bawag, an Austrian bank, has reported a profit increase of over one-fifth in the first half of the year. This strong financial performance indicates a successful period for the institution.

An Irish court has given the go-ahead for a meeting to facilitate the sale of PTSB to Bawag, with the Minister for Finance holding a 57.5% stake in the bank.

PTSB has informed the High Court that a prominent shareholder's application to reclassify the State as a different type of shareholder could "torpedo" the timeline for the bank's sale to Austrian bank BAWAG.

Bawag's net profit increased by 16% to 232.3 million Euros. To finance the planned acquisition of Irish PTSB, the bank's dividend policy will be 'temporarily adjusted'.

The stock market responded surprisingly warmly to news that Austria’s Bawag has, finally, been revealed as a potential buyer of PTSB.