Donohoe sets in train state’s exit strategy from stake in banks
The finance minister is commencing the process of selling off the government’s shareholding in Bank of Ireland, but is now the right time to do so, and are investors about to bag themselves a bargain?
Keen observers of the state’s investments could have been forgiven for feeling a sense of déjà vû last week, when they herd Paschal Donohoe’s remarks on the planned sale of the government’s shareholding in Bank of Ireland.
“I was always very clear, and have been for many years, that over time I do want to find opportunities to unwind the shareholding that we have in...
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Five key takeaways from the PTSB half-year results
The bank’s €9 million pre-tax loss for the first six months of 2021 was much less than the €30 million some had predicted, while it has grown its share of the SME and mortgage markets
State holding in PTSB to shrink to 60% due to Ulster Bank deal
As part of the €7.6 billion loan book buyout, NatWest is due a 20 per cent share in Permanent TSB, which will dilute the shareholding of other investors
NatWest could take 20% PTSB stake as part €7.6bn Ulster Bank loan sale
The proposed new deal would see the British bank become a significant shareholder in Permanent TSB, with the Irish lender also set to take over 25 Ulster Bank branches
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