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BAWAG PSK buys Permanent TSB for €1.6B ending government ownership.
Austrian bank BAWAG PSK is acquiring Irish lender Permanent TSB in a €1.6 billion deal, ending the government's ownership of the bank following the 2009 financial crisis.
Finance Minister Simon Harris described the sale as a major step toward normalizing the banking sector and recovering taxpayer funds.
While Sinn Féin criticized the lack of transparency regarding future operations, the government emphasized the long-term benefits of private ownership.
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BAWAG PSK compra Permanent TSB por 1.600 millones de euros y pone fin a la propiedad del gobierno.