Irish challenger bank PTSB commences formal sale process
30/10/2025 07:19
Removes description of PTSB as a 'challenger' bank in headline and first paragraph DUBLIN, Oct 30 (Reuters) - Majority state-owned Irish bank Permanent TSB PTSB.I put itself up for sale on Thursday, citing a significant increase in appetite for its shares from international investors and greater consolidation in the European banking sector. If successful, the formal sale process would result in the government exiting its 57.5% stake in the bank, its last remaining shareholding in the sector following a bailout 15 years ago, PTSB Chair Julie O'Neill said in a statement. (Reporting by Padraic Halpin Editing by Tomasz Janowski) ((padraic.halpin@thomsonreuters.com; +353 1 500 1504; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))