On Air Now

  • 045 901 490
  • 0833-979797

Now Playing

Kildare Today

with Hannah Kelly

PTSB To Be Sold To Austrian Bank, BAWAG, For €1.6 Billion

File image: Rolling news

The state will receive €931 million for its 57.5 per cent stake in the company

PTSB is to be sold to an Austrian bank, BAWAG, for €1.6 billion.

The state will receive €931 million for its 57.5 per cent stake in the company.

Cabinet signed off on the sale today.

Tánaiste and Finance Minister Simon Harris says PTSB’s employees' rights will remain the same under the new ownership of Austria’s BAWAG group.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Fri

    Sunny intervals

    22°C

  • Sat

    Medium-level cloud

    20°C

  • Sun

    Light rain

    20°C

  • Mon

    Medium-level cloud

    22°C