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Permanent TSB Launches Sale Process, Shares Soar 23%

10/31/2025

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Summary

Story summary

Permanent TSB (PTSB) announced a formal sale process, with shares up 23% to €2.90 and value above €1.5 billion.
The Irish government, holding 57% of PTSB, aims to exit its last stake after 17 years.
PTSB's Chief Executive Officer, Eamonn Crowley, said a new owner could unlock future growth.
Goldman Sachs is managing the sale, which is expected to conclude in the first half of 2026.

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Story summary

Permanent TSB (PTSB) announced a formal sale process, with shares up 23% to €2.90 and value above €1.5 billion.
The Irish government, holding 57% of PTSB, aims to exit its last stake after 17 years.
PTSB's Chief Executive Officer, Eamonn Crowley, said a new owner could unlock future growth.
Goldman Sachs is managing the sale, which is expected to conclude in the first half of 2026.