PTSB takeover wins 91.3% investor support in key vote
Question lingers over whether High Court will require a separate vote among minority investors
Question lingers over whether High Court will require a separate vote among minority investors
Inside Business podcast with Ciarán Hancock
CEO Eamonn Crowley says €1.62bn sale deal followed evaluation of value, stakeholder considerations, and long-term strategic fit
Dividend payments well exceed €1.3bn Great West Lifeco paid for Irish Life in 2013
Board faces collision course with some top investors who see deal as undervaluing the company
The best news, analysis and comment from The Irish Times business desk
Shareholders to vote next week on Austrian bank Bawag’s planned €1.62bn takeover
Transaction values bank at an almost 20% – or €400 million – discount
Glass Lewis has come out against PTSB sale to Austria’s Bawag
ISS recommends that investors vote in favour of PTSB’s sale to Bawag at upcoming shareholder meeting
Three shareholders oppose bank’s process of approving the acquisition scheme
Lender reports strong growth in business and personal loans business as cost to income ration falls to 72%
A key factor in the lack of competition in Irish banking has been that the big three only really operate in Ireland
Head of Ireland’s biggest non-bank lender says he would now rather be one doing the buying after seeing sale talks with PTSB and Bawag fizzle out
Separate talks held with PTSB and Bawag, chief executive Billy Kane confirms
Avant Money is the Irish unit of Spanish financial group Bankinter
Austrian bank leaves door open for group to move certain activities to Ireland for tax reasons
Surplus cash and bid’s discount to bank’s inherent value means PTSB will do its bit to help new Austrian owner fund €1.62bn deal
Austrian bank pledges to maintain PTSB’s headquarters in Dublin as well as a ‘meaningful branch footprint’ for two years
Many thought PTSB would not survive the banking crisis. Now the lender has the chance to become a real challenger to AIB and Bank of Ireland
Austria’s Bawag has agreed to buy State-controlled bank for €1.62bn
While PTSB shares slipped after the deal’s announcement, Bawag’s own stock rose sharply
PTSB shares slid 4.3% after Austrian Bawag was announced as winning bidder for Irish lender
Austrian lender has a reputation for focus on digital banking and rigorous cost-cutting
Goodbody Stockbrokers describes price as a ‘disappointing outcome’
Austrian lender reported to have offered €1.6bn for PTSB
Lone Star and Centerbridge-led consortium are among participants’ in sale process
Bawag is the only known trade buyer in the shake-up for PTSB, but can it close?
The Irish Times previously reported Bawag, Centerbridge and Lone Star were involved in the sales process
Irish lender surges 2.3% in late trading after reports Bawag ready to bid €1.6bn for bank
Underlying pretax profits dip almost 3% amid declining interest rates
There is little evidence to suggest Austrian bank Bawag would be a good buyer for PTSB
Government owns majority stake in PTSB
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