The bank BAWAG from Austria wants to buy a bank. The bank is from Ireland. The name is PTSB. The owners vote on Thursday. Most owners say yes. 91 percent vote for the deal. The path for the buy is now open.
The BAWAG pays a lot of money. The price is 1 point 6 billion Euro. The BAWAG wants to grow in other lands. The boss of the BAWAG is Anas Abuzaakouk. He is happy about the vote.
Some steps are missing now. A high court in Ireland must say yes. Also the state must look at the deal. The BAWAG hopes for a finish in the year 2026. Or it takes until 2027. The state of Ireland owns much of the PTSB now.
