PTSB to reveal €550 million fundraising plan
Permanent TSB will this week lift the lid on plans to raise €500-€550 million from private investors to plug a capital shortfall in the loss-making bank.
The Sunday Business Post has learned that the bank’s long-awaited restructuring plan with the European Commission will be agreed in principle, triggering the start of a hunt to seek outside investment.
It’s understood that initial details of the capital-raising will be outlined by the bank’s management team on Wednesday when it also reveals its annual results. A conference for investors will be held the following day when chief executive Jeremy Masding will...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply