Bawag to acquire Ireland's Permanent TSB for €1.6bn
- Location
- Dublin · 🇦🇹 Austria / Ireland
- Sector
- Banking
- Organisations
- Bawag Group ↔ Permanent TSB Group Holdings (PTSB)
- Transaction
- Acquisition (recommended cash offer, scheme of arrangement)
- Volume
- approx. €1.62bn
- Status
- announced
Austria's Bawag and Ireland's Permanent TSB agree a cash offer of €2.97 per share, recommended by PTSB's board, worth about €1.62bn in total. The Irish state, which holds about 57.5%, backs the offer and would exit fully. Conditions are shareholder approval, regulatory clearances and sanction by the Irish High Court (Bawag, 14.04.2026). Update (06.11.2026): The ECB has approved the takeover; shareholders voted in favour in July, and only the High Court ruling remains, expected next week after some minority shareholders challenged the offer (The Irish Times, 06.11.2026).
Source: investegate.co.uk ↗ · Archived copy ↗
Further sources: irishtimes.com ↗ (Archived copy ↗)
Evidence: 2 independent sources · archived copy saved · How well sourced is Eurotrack?
More from: 🇦🇹 Austria · 🇮🇪 Ireland