Overview
- PTSB’s board opened a formal process to find a long-term owner and appointed Goldman Sachs to run it.
- The Department of Finance hired Rothschild & Co and William Fry to advise on the State’s role in the sale.
- Finance Minister Paschal Donohoe said the government supports the move, with the State holding 57.4% of the bank.
- The lender said day-to-day services remain unchanged, though any eventual takeover could reshape competition and pricing in Irish retail banking.
- Market pricing values PTSB at about €1.3bn, putting the State’s stake near €860m, while the bank reports heightened investor interest and strong demand for a recent Green Tier 2 issuance.