Banking Sector
Dail Éireann — 2026-06-25
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Simon Harris (FG), Wicklow

I am informed by my Department that there was one non-binding, indicative proposal received on 5 September 2025 from Centerbridge Partners to acquire the stake in PTSB. When the indicative proposal was received by the Department, it was assessed. The view was rightly taken that it did not adequately reflect the value of the State’s shareholding in PTSB. The proposal was not pursued and, instead, the formal sale process was subsequently undertaken by PTSB in an open, competitive and transparent manner, which allowed a range of potential investors to participate, including Centerbridge Partners. That was the correct approach. It resulted in a recommendation from the board of PTSB in relation to the offer from BAWAG. That has satisfied the Government’s ultimate objectives in this regard.
I am, of course, aware of media reports. Indeed, I have read them. I respectfully say that these are questions for the CEO of PTSB. I have found him to be an excellent CEO who has done an excellent job. From my Department’s point of view, I am happy to account to the Dáil in terms of the factual situation of that offer received on 5 September 2025.

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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