Fundz

Bawag to acquire PTSB for €1.62 billion

PUBLIC · BAWAYApr 14, 2026

Acquiring Company

Bawag Group

Acquired Company

Permanent TSB Group Holdings PLC

AustriaDublinFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

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.

Quick answer

Bawag Group is acquiring Permanent TSB Group Holdings PLC for $1.8 billion, announced April 14, 2026. Bawag Group is based in Austria.

How much did Bawag Group pay for Permanent TSB Group Holdings PLC?
The reported deal value is $1.8 billion.
What does Bawag Group do?
Bawag Group is Austria's fourth-largest bank by assets.
Where are Bawag Group and Permanent TSB Group Holdings PLC based?
Bawag Group is based in Austria. Permanent TSB Group Holdings PLC is based in Dublin, Dublin, Ireland.
Who are the decision-makers at Bawag Group?
Fundz holds 2 contacts at Bawag Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Bawag Group

Location

Austria

About

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 aims to enhance customer offerings while maintaining operational efficiency.

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Frequently asked

Who acquired Permanent TSB Group Holdings PLC?

Permanent TSB Group Holdings PLC 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 Permanent TSB Group Holdings PLC?

Bawag Group's acquisition of Permanent TSB Group Holdings PLC 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 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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