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BAWAG/PTSB

M/26/034

Active

Transaction details

The proposed acquisition by Bawag Group AG, through its wholly owned subsidiary BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, of sole control of Permanent TSB Group Holdings PLC has been notified to the Competition and Consumer Protection Commission.
Case details
  • Notification date:12 May 2026
  • Publication date:20 May 2026
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Outcome:Pending
Timetable
Current deadline:
23 June 2026

Phase One

  • Wednesday, 13 May, 2026 Notification received
  • Wednesday, 27 May, 2026 Third party submission deadline
Parties Involved

BAWAG Group AG 

BAWAG Group AG  is the parent company of an Austrian international banking group providing a broad range of saving, payment, credit, leasing and investment products and services, as well as insurance, to retail, small and medium sized enterprises, corporate, real estate and public sector customers in Austria, Switzerland, the Netherlands, Germany, Ireland, the United Kingdom and the USA. It is publicly listed and a member of the Austrian Traded Index as well as Global FTSE and MSCI index series.


BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft

BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is a stock corporation regulated by the European Central Bank and local financial regulatory authorities in Austria, Germany, the Netherlands and Ireland. It is a wholly owned subsidiary of BAWAG Group AG.


Permanent TSB Group Holdings

Permanent TSB Group Holdings is a provider of retail and SME banking in the State, offering a range of banking products such as business and personal current accounts, overdrafts, mortgages, business and personal loans, credit cards, asset finance products and home insurance. 

Contacts
Sean Heeran seanheeran@ccpc.ie
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