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.

42 South Africans Deported From Ireland
Investigations Continue After Woman Injured In Dublin
Convicted Paedophile Bill Kenneally Dies
Dáil Approves Proposal To Abolish Three-Day Abortion Waiting Period
Government Set To Announce Plans To Tackle Financial Crime
EPA Report Calls For Greater Urgency To Prevent Water Pollution
TDs To Vote On Removal Of Three Day Wait Period For Abortion
Dublin Airport Passenger Cap To Be Removed