Case No. 3122Scheme of arrangement (bank sale) · Co. Dublin · 11 May 2026

PTSB seeks High Court approval for €1.6bn sale to Bawag amid minority-shareholder opposition

PTSB applied to the High Court Commercial Court for approval of a scheme of arrangement for its €1.6 billion sale to Austrian banking group Bawag, while minority shareholders led by Piotr Skoczylas oppose the process, arguing that a single shareholder class would render their votes meaningless given the Minister for Finance's 57.5% stake.

  1. Reportednot reported
  2. Arrestednot reported
  3. Chargednot reported
  4. In court11 May
  5. Verdict
  6. Sentenced
reportedhappened, not reportedlatest stagenot yet

Key facts

consolidated from all reports
4 statements extracted from the articles
  • whatPTSB is seeking High Court approval for the proposed €1.6 billion sale of the bank to Austrian banking group Bawag. (irishtimes.com)
  • whatThe sanctioning meeting of the scheme is scheduled to take place in the Conrad Hotel, Dublin, on July 30th. (irishtimes.com)
  • whatPTSB wants the court to approve a single classification of all shareholders, while opponents want two classes: the minister and minority shareholders. (irishtimes.com)
  • courtThe judge said he would give his decision on Wednesday. (irishtimes.com)

The reporting

newest first
  1. 11 May2026
    PTSB seeks court approval for €1.6bn sale to Bawag amid minority-shareholder opposition

    Details of the High Court application, the minority shareholders' opposition over shareholder classification, and the judge's indication that a decision would be given on Wednesday.

    victim, Piotr Skoczylas, male, non-irish (judged from name)Piotr Skoczylas