BAWAG to acquire Permanent TSB for 1.92 billion dollars
Austrian bank BAWAG Group AG will buy Permanent TSB for 1.62 billion euros. The deal allows the Irish government to sell its 57.5 percent stake in the bank.
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The Austrian financial institution BAWAG GROUP AG has entered into a definitive agreement to acquire the Irish retail lender PERMANENT TSB GROUP HOLDINGS for 1.62 billion euros ($1.92 billion). This strategic move, announced on Tuesday, marks a significant expansion for the group based in Austria as it seeks to strengthen its position within the European banking landscape.
