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flag Irish government sells Permanent TSB to Austrian bank BAWAG for €931 million.

flag Ireland has ended its state ownership of major banks by selling a majority stake in Permanent TSB to Austrian bank BAWAG for €931 million. flag The government, led by the coalition of Fianna Fáil, Fine Gael, and Independents, stated the sale recouped its investment and earned a return. flag Experts, however, suggest the sale undervalued the bank, given its potential for future growth.

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