PTSB, in which the Irish state owns a 57 per cent stake, has put itself up for sale.
The bank, which had a market value of €1.28 billion as of Wednesday, has hired investment bank Goldman Sachs to manage the process, it said in a statement on Thursday.
“The board of PTSB, with the support of its largest shareholder, the Minister for Finance of Ireland, Paschal Donohoe, has concluded that it is now in the best i
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