NatWest sells stake in Permanent TSB Group for €126 million Investing.com -- NatWest Group PLC (LON:NWG) has sold its entire 11.7% stake in Irish lender Permanent TSB Group, raising €126 million through a placing with institutional investors. The British banking group completed the transaction at a price of €1.98 per share, according to a company statement on Tuesday. NatWest indicated that the disposal would have "an immaterial impact" on its CET1 capital ratio and tangible net asset value per share. As part of the arrangement, the Minister for Finance of Ireland has committed not to sell any shares in Permanent TSB for 90 calendar days following the completion of the placing, under a shareholder co-operation agreement. Permanent TSB is an Irish financial institution that focuses on retail banking and small business lending services. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in NWG, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is NWG one of them?

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PTSB and unions agree new pay deal for staff PTSB and its group of unions have agreed a new pay deal for staff at the bank.

PTSB and unions agree new pay deal for staff
- @news.rte.ie

Article:
www.rte.ie/news/busines...

Read our joint statement with PTSB, Mandate & Unite
www.fsunion.org/latest/news/...

#PTSB #PermanentTSB

Trade union seeks explanation for PTSB redundancies

"We're concerned for the customers and the impact any job losses will have on services," said a trade union head.
www.newstalk.com/news/trade-u...

Our statement:

www.fsunion.org/latest/news/...

#PTSB #PermanentTSB