PTSB has confirmed for the first time that Austria’s Bawag is in the mix as a potential buyer. At €2.94 a share, it is below where PTSB stock has traded for most of the period since a potential sale was announced and lower than where the shares closed on Monday. PTSB said it notes the (latest) recent media speculation and "confirms that Bawag is one of a number of parties participating in the formal sale process which was announced on 30 October, 2025”. The sale process is being managed by Goldman Sachs. The head of the Austrian lender outlined the bank’s interest in acquisitions, the Irish market and deals in the €1bn-to-€2bn range.

Source: Irish Independent March 18, 2026 12:45 UTC