Acquiring Company
Bawag Group
Acquired Company
PTSB
Austria
IrelandFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Bawag Group has agreed to acquire PTSB for almost €1.62 billion, highlighting the value in PTSB’s extensive branch network. The transaction is expected to be beneficial for customers, combining Bawag’s expertise with PTSB’s community roots. This acquisition will also facilitate the exit of the State’s remaining shareholding in PTSB.
Who to call at Bawag Group, and when
When Bawag Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Bawag Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Bawag Group, from your own LinkedIn network
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Frequently asked
Who acquired PTSB?
PTSB was acquired by Bawag Group, based in Austria. The deal was reported on April 14, 2026. Bawag Group is Austria's fourth-largest bank by assets. It specializes in a range of banking services and has expanded its presence in the Irish mortgage market through acquisitions. Bawag Group is publicly traded (BAWAY) and operates in Financial Services.
When did Bawag Group acquire PTSB?
Bawag Group's acquisition of PTSB was reported on April 14, 2026. Bawag Group has agreed to acquire PTSB for almost €1.62 billion, highlighting the value in PTSB’s extensive branch network. The transaction is expected to be beneficial for customers, combining Bawag’s expertise with PTSB’s community roots. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PTSB do?
Permanent TSB (PTSB) is a state-owned bank in Ireland providing retail banking services to personal and business customers. It has a well-established branch network throughout the country and focuses on mortgages and consumer loans. It is privately held, operating in Financial Services, and is based in Ireland.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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