US fund Apollo eyeing up PTSB as Noonan hints at sale

Apollo one of several multibillion funds considering acquiring lender

26th June, 2016
Permanent TSB says bad loans level still too high. Pic:

Apollo, the US private equity firm, is running the rule over Permanent TSB as what is seen as a possible consolidation play in the Irish market.

It is understood to be one of a number of multibillion funds considering acquiring the 75 per cent state-owned lender to merge it with another lender and other loan books.

Permanent TSB is seen as attractive to large investment funds because of its deposit book which gives access to additional...

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