US fund Apollo eyeing up PTSB as Noonan hints at sale
Apollo one of several multibillion funds considering acquiring lender
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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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures