AxisCapital said on Friday evening that it was considering making an offer for PTSB at a 7.7% premium to the proposed €1.6 billion sale to Austria's BAWAGGroup supported by the Irish bank's shareholders.
PTSB said it remains focused on concluding its takeover by Austria’s Bawag as it characterised an announcement by a corporate advisory firm cofounded by a former boom-era banker as “highly speculative and conditional”.
PTSB said it remains focused on concluding its takeover by Austria’s Bawag as it characterised an announcement by a corporate advisory firm cofounded by a former boom-era banker as “highly speculative and conditional”.