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News Headlines | Court of Appeal schedules another PTSB hearing in July
AI generated summary, Read the full article for complete information.
The Court of Appeal has scheduled a further hearing for 8 July in the dispute over PTSB’s €1.6 billion takeover by Austria’s BAWAG, after a small group of shareholders—led by former investment banker Piotr Skoczylas of Scotchstone Capital, who own less than 1 % of the bank—failed to obtain a stay on an extraordinary general meeting set for 30 July. The shareholders argue that Finance Minister Simon Harris, who holds 57.5 % of PTSB on behalf of the State, should be classified differently from other shareholders, a point the High Court said will be addressed later when the takeover is reviewed by the courts. Harris supports the BAWAG offer, and the outcome of the July 8 hearing could determine whether the July 30 EGM proceeds, although PTSB notes the classification issue will be decided at a later stage.
Read more: https://www.rte.ie/news/business/2026/0515/1573587-ptsb-high-court-appeal/
#PermanentTSB #BAWAG #PiotrSkoczylas #SimonHarris #HighCourt
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