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BAWAG Group AG ( (DE:0B2) ) has shared an announcement.
BAWAG Group AG has agreed terms for a recommended all-cash offer to acquire Permanent TSB Group Holdings plc (PTSB), with the backing of Ireland’s Minister for Finance, who owns a majority stake in PTSB. The offer values PTSB at €2.97 per share, implying a total consideration of about €1.619 billion for the entire issued and to be issued share capital.
The proposed acquisition, which would broaden BAWAG’s presence in the Irish banking market, remains subject to approval by PTSB shareholders, regulatory and other clearances, and sanction by the Irish High Court. The deal also triggers Irish Takeover Rules disclosure requirements for investors and any parties dealing in PTSB’s relevant securities during the offer period.
The most recent analyst rating on (DE:0B2) stock is a Buy with a EUR156.00 price target. To see the full list of analyst forecasts on BAWAG Group AG stock, see the DE:0B2 Stock Forecast page.
More about BAWAG Group AG
BAWAG Group AG is an Austrian banking group listed on the Vienna Stock Exchange, providing retail and corporate banking services across its core European markets. The group focuses on lending, deposit products, and related financial services, targeting both individual and business customers, and has been active in expanding its footprint through strategic acquisitions.
Average Trading Volume: 231,318
Current Market Cap: €10.85B
For a thorough assessment of 0B2 stock, go to TipRanks’ Stock Analysis page.