Dáil Éireann Debate, Tuesday - 26 May 2026
198. Deputy Ged Nash asked the Tánaiste and Minister for Finance for an update on the process regarding the proposed sale of the remainder of the State’s stake in PTSB to the BAWAG Group; and if he will make a statement on the matter. [39889/26]
View answerThe Formal Sale Process (FSP) is led by PTSB.
It is proposed that BAWAG’s acquisition of PTSB will be undertaken and completed by means of a High Court approved Scheme of Arrangement. The implementation of the acquisition requires two shareholder meetings to be held, the first being a scheme meeting convened pursuant to an order of the High Court and the second, an Extraordinary General Meeting. Completion of the transaction remains subject to regulatory approvals by the Competition and Consumer Protection Commission, the Central Bank of Ireland and the European Central Bank; the satisfaction of all conditions set out in the Scheme Document dated 15 May 2026; and the sanction of the High Court.
