"Potential buyers lack clarity on a crucial decision due from Central Bank It seems a bit mad to write about a rushed sale of PTSB almost 15 years after it was bailed out. Even so, PTSB's announcement that it has hired Goldman Sachs to stick a For Sale sign on the bank feels ­worryingly hurried. That may be bad for the price and potentially even worse for the wider economy."
"It seems a bit mad to write about a rushed sale of PTSB almost 15 years after it was bailed out. Even so, PTSB's announcement that it has hired Goldman Sachs to stick a For Sale sign on the bank feels ­worryingly hurried."
Potential buyers face unclear timing and guidance on a crucial decision pending from the Central Bank. PTSB moved to solicit buyers by hiring Goldman Sachs, despite being bailed out almost 15 years earlier. The sale process appears rushed, which can suppress competitive bidding and reduce the eventual sale price. A low sale price could harm stakeholders and create knock-on effects for the broader economy. Clear regulatory signals and orderly timing are essential to secure a fair price and avoid amplifying economic risks tied to a hurried divestment.
Read at Independent
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