Dáil Éireann Debate, Thursday - 21 May 2026
217. Deputy Ged Nash asked the Tánaiste and Minister for Finance the date on which his Department informed PTSB of an offer for its shareholding in the bank from Centerbridge; and if he will make a statement on the matter. [38615/26]
Amharc ar fhreagraThe Department received a wide range of proposals in relation to the State’s banking investments over the years. As part of their normal functions, officials would explore and assess such proposals.
On 5 September 2025, the Department received a non-binding and indicative proposal from Centerbridge to acquire the Minister's stake in PTSB. The Department was of the view that the proposal undervalued the Minister’s stake in PTSB and informed PTSB of its decision to reject the proposal. Following internal governance, the Department advised Centerbridge that the proposal did not provide a basis for engagement.
