BAWAG to Acquire Permanent TSB for $1.92bn

Austrian bank BAWAG Group AG announced acquisition of Irish lender Permanent TSB for €1.62 billion ($1.92 billion).
The deal values Permanent TSB at €2.97 per share, allowing the Irish government to sell its 57.5% stake.
BAWAG aims to expand its operations in Ireland through the purchase of the country's smallest of the three post‑crisis banks.