BAWAG Group Receives ECB Approval for Permanent TSB Acquisition
The acquisition still requires High Court sanction and other remaining legal and regulatory requirements. Financial terms and a completion timeline have not been disclosed.
BAWAG Group AG announced that it has received the necessary approval from the European Central Bank for its proposed acquisition of Permanent TSB Group Holdings plc. While this regulatory clearance represents a major step forward, the transaction remains subject to further sanction by the High Court. The company has not disclosed specific financial terms or a definitive timeline for the completion of the deal. The acquisition remains pending until all remaining legal and regulatory requirements are satisfied.