BAWAG’s PTSB acquisition wins 91% shareholder approval
VIENNA - BAWAG Group AG said today that shareholders of Permanent TSB Group Holdings plc approved the proposed acquisition with 91% of votes cast at a scheme meeting supporting the transaction, according to a press release statement. All related resolutions at PTSB’s extraordinary general meeting received the requisite approvals.
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BAWAG Group AG said that shareholders of Permanent TSB voted to approve its purchase of the bank. About 91% of the votes cast supported the deal at a special meeting. All other resolutions needed for the acquisition also passed. BAWAG made an all‑cash offer for Permanent TSB, which it announced in April 2026.
Why it matters
The deal will create a larger bank that could affect loan rates and services for customers in Austria and Ireland. It shows how European banks are consolidating to become stronger competitors.
- What percentage of shareholders approved the acquisition?
- About 91% of the votes cast approved the deal.
- When did BAWAG first announce its offer to buy Permanent TSB?
- BAWAG announced the all‑cash offer in April 2026.
- What type of meeting did Permanent TSB hold for the vote?
- It held an extraordinary general meeting to vote on the acquisition.
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BAWAG’s PTSB acquisition wins 91% shareholder approval
Sources1TypeCoverageInvesting.com · Company News