Bawag received ECB approval for PTSB takeover

RTÉ News · Tania Reut ·

Austria's Bawag Group has said it received regulatory approval from the European Central Bank for its takeover of Permanent TSB.

Austria's Bawag Group has said it received regulatory approval from the European Central Bank for its takeover of Permanent TSB.

The ECB approval means that the potential acquisition has passed a key regulatory hurdle.

In a statement, Bawag said it "represents an important milestone toward completion of the transaction".

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