News Headlines | High Court allows PTSB's EGM to go ahead in July AI generated summary, Read the full article for complete information. The High Court has cleared the way for an extraordinary general meeting of PTSB on July 30, allowing shareholders to vote on a €1.6 billion takeover of the bank by Austria’s BAWAG. A minority group of shareholders holding less than 1 % of the stock, led by Piotr Skoczylas of Scotchstone Capital, had asked the court to consider whether Finance Minister Simon Harris—who controls 57.5 % of PTSB on behalf of the state—should be classified differently from other investors. Justice Mark Sanfey ruled that the issue of shareholder composition can be addressed later when deciding whether to sanction the BAWAG acquisition, refused the request for a stay of the meeting, and noted his decision does not prejudice the minority shareholders, who plan to appeal to the Court of Appeal. Read more: https://www.rte.ie/news/business/2026/0513/1573151-ptsb-egm/ #HighCourt #PTSB #BAWAGgroup #SimonHarris #PiotrSkoczylas #ScotchstoneCapital #MarkSanfey #AppealCourt #business