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Austrian Bank BAWAG Acquires Permanent TSB for €1.6 Billion
Austrian bank BAWAG Group has reached a deal to acquire Permanent TSB for approximately €1.6 billion, marking the Irish state's exit from the financial institution. The acquisition will see BAWAG take over the Irish bank.
14 Apr, 10:17 — 14 Apr, 13:02
The Story
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Source Diversity
High (54/100)6 sources33/33
Spectrum spread— 2/5 buckets covered8/33
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Geographic diversity— 3 regions13/34
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Sources
Showing 4 of 6 sources
irish-independent7h ago
Government backs sale of PTSB for €1.6bn, shares drop sharply
The board of PTSB has agreed a deal with Austria’s Bawag to support a sale of the bank for €1.619bn in cash. Minister for Finance Simon Harris, who controls a 57.5pc stake on behalf of taxpayers, has backed the deal, the banks said.
Read full article →rte-newsMostly Factual7h ago
PTSB sold to Austria's BAWAG Group for €1.6 billion
PTSB is to be sold to Austria's BAWAG Group for €1.6 billion.
Read full article →seeking-alphaMixed5h ago
BAWAG to acquire Permanent TSB in ~$1.9B deal
Read full article →the-journal4h ago
State to exit Permanent TSB after Austrian bank strikes deal to buy it for €1.6bn
The proceeds from the transaction will be held within the Exchequer while Simon Harris examines how they will be used.
Read full article →Coverage Timeline
First report: rte-news · 14 Apr, 10:17|Full coverage: 6 · 3h|Window: 3h
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