Acquiring Company
Bawag Group AG
Acquired Company
Permanent TSB Group Holdings PLC
Vienna
DublinFinancial ServicesFinanceLendingBankingFinancial ServicesLendingDescription
Permanent TSB is on track to conclude its acquisition by Bawag for €1.62 billion. The takeover follows recent speculation about a competing bid from Axis Capital, which PTSB has dismissed as speculative. PTSB’s board is committed to finalizing the agreement with Bawag amidst ongoing shareholder discussions.
Fundz sees it the moment Bawag Group AG makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Permanent TSB Group Holdings PLC?
Permanent TSB Group Holdings PLC was acquired by Bawag Group AG, based in Vienna. The deal was reported on October 5, 2026. Bawag Group AG is an Austrian bank that provides a range of banking and financial services. It focuses on retail, corporate, and investment banking. Bawag Group AG is privately held and operates in Financial Services.
When did Bawag Group AG acquire Permanent TSB Group Holdings PLC?
Bawag Group AG's acquisition of Permanent TSB Group Holdings PLC was reported on October 5, 2026. Permanent TSB is on track to conclude its acquisition by Bawag for €1.62 billion. The takeover follows recent speculation about a competing bid from Axis Capital, which PTSB has dismissed as speculative. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Permanent TSB Group Holdings PLC do?
Permanent TSB Group Holdings PLC is a Dublin-based financial services provider, in which the Irish government holds a 57% stake. It is privately held, operating in Financial Services, and is based in Dublin.
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