Banking Sector
Dail Éireann — 2026-06-25
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Pearse Doherty (SF), Donegal

Maybe the Tánaiste will clarify that Centerbridge Partners only made one offer. I think he suggested it was on 5 September last year. The public and other shareholders of PTSB are looking at this sale and wondering why we are selling off a public asset on the cheap. When something looks like a bad deal, there is extra scrutiny on the process, and that scrutiny has led to journalists and shareholders looking back.
The CEO of PTSB, on an investor call last September, denied three times that there had been any approach, interest or conversations with potential buyers. He insisted three times that there had been no interest. It appears, however, that the Tánaiste has confirmed there has been interest in the case. How is it possible that the CEO could not have been aware that the private equity firm Centerbridge Partners made offers, and that those offers were communicated to the bank? At what level was this communication from the Government to the bank? Has the Government resolved the issue of how the CEO was not informed of that, or that he informed investors this did not happen?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25