Scotchstone Capital said today it is weighing a possible offer for PTSB... Scotchstone Capital owns less than 1% of PTSB ... "PTSB remains fully focused on the board recommended proposal from BAWAG, which was approved by PTSB shareholders," it added.
A long-term dissident shareholder in PTSB, Scotchstone Capital, has become the latest party to say it is considering making an offer for the bank, weeks before the High Court is due to hold a sanctioning hearing on its takeover by Austria’s Bawag.
The first problem facing Mark Duffy in his efforts to gatecrash the €1.62 billion takeover of PTSB by Austrian banking group Bawag would appear to be money ...Budget fallout and can Mark Duffy come up with a PTSB bid?.
A move by his fledgling corporate advisory firm, AxisCapital, on Friday evening to say it’s weighing making a tilt at PTSB comes weeks before the High Court is due to sanction the bank’s takeover by Austria’s Bawag.
PTSB said today that it had received no offer from Irish corporate finance firm AxisCapital, adding that a statement made by Axis on Friday was "highly speculative and conditional" ... PTSB's board ...
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”.
The proposed sale of PTSB to AustrianBank Bawag has reached a crucial stage ... PTSB says it has strong legal advice that this was a correct procedure ... A purchase of PTSB by Bawag is the best available route to addressing this.
A corporate finance firm cofounded by former Bank of Scotland (Ireland) chief executive Mark Duffy has said it is considering a bid for PTSB, almost six months after the bank agreed to sell itself to Austria’s Bawag for €1.62 billion.
PTSB is led by chief executive Eamonn Crowley. The value of the Bawag deal, struck in April, represented an almost 20 per cent discount to PTSB’s reported end-2025 net assets, of just under €2.02 billion.READ MORE.
PTSB said today it will increase deposit rates across a range of its BusinessDeposit Products by up to 0.5% ... PTSB said the increases reflect the bank's commitment to drive competition in the Business ...
PTSB will also lift rates on its demand deposit account, 32-day notice account and a range of fixed-term products by 0.25 per cent ... PTSB is targeting growth in its business banking and SME accounts.