Permanent TSB may not have conditions imposed on acquisition of Ulster Bank assets

📆 2022/06/25 3:00:00

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PTSB awaiting approval from the competition watchdog before deal to acquire billions of euro of Ulster Bank assets can conclude, peterodwyer1 reports.

📆 2022/06/25 3:00:00
📰 businessposthq

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Permanent TSB may not have any conditions imposed on it should the competition watchdog give its proposed acquisition of billions of euro of Ulster Bank assets the all-clear, the lender’s chief executive has said.

PTSB shareholders on Friday voted to approve its proposed deal to buy €7.5 billion of Ulster Bank’s mortgage, SME and asset finance assets, in addition to 25 Ulster Bank branches.

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