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Nat West May Take A Minority Stake In Permanent TSB.

Stock image: Pexels

Its part of a deal to sell a large part of Ulster Bank loans and other assets

Ulster Bank owner Nat West may take a minority stake in Permanent TSB.

The Irish Times reports the move is part of a deal to sell a large part of Ulster Bank loans and other assets to PTSB.

PTSB is understood to be interested in about €9 billion of Ulster Bank’s 20 billion euro loan book.

Fund Manager at Davy, Aidan Donnelly, explains why Nat West may be pursuing this strategy:

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