PTSB sells Springboard mortgage business to Mars Capital

Permanent TSB has agreed the sale of its Springboard mortgage business to Mars Capital Ireland.

22nd October, 2014
PTSB did not disclose the details of the transaction

Permanent TSB has agreed the sale of its Springboard mortgage business to Mars Capital Ireland.

PTSB said a “competitive sales process” managed by external financial advisers was undertaken over two phases since July.

The bank did not disclose the details of the sale, which is part of its ongoing deleveraging programme of non-core assets.

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