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    Bawag Group to Acquire Permanent TSB Without External Funds

    4 days ago

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    Bawag Group announced it will finance its €1.619 billion acquisition of Permanent TSB (PTSB) entirely through its generated €1.05 billion in excess capital. The deal is expected to close by late 2026 or early 2027, pending shareholder approval on July 30. Bawag reported a net profit of €255 million for Q2 2026 and has €15 billion in cash.
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