Irish Government Sells 5% Shareholding In PTSB

#shorts

In this short video, we're talking about the Irish government's recent sale of a 5% shareholding in Permanent TSB. The Irish Government has sold a 5% stake in Permanent TSB, generating €55.2 million for the Irish Exchequer. The Irish State continues to hold a 57.4% shareholding in PTSB after the sale. This comes as PTSB stock has appreciated by over 300% over the past three years. Recently, AIB bought back €215 million worth of shares that were owned by the Irish State and last year the Irish Government fully exited its investment in Bank of Ireland.

As at December 2022, €21.1 billion out of the €29.4 billion that was invested in AIB, BOI and PTSB as part of the bailout of Irish banks post-financial crisis had been recovered by the Irish State. The State’s remaining investment in AIB and PTSB is currently valued in the region of €6.3 billion, leaving a shortfall of €2 billion to be recovered. Therefore, if the Irish State is to breakeven on its investment in nominal terms, further dividend payments and share price appreciation will be required.

Start Saving Today 💰

Start Investing Today 📈

Stay Informed Like Me 💡

Playlists 🎥

Socials 📸

*Malone Financial is affiliated with the aforementioned companies. Malone Financial receives a commission for any customer conversions realized via the affiliate links. This video includes my own opinions (which do not reflect the opinions of said companies). Investing involves a risk of loss. Nothing mentioned in this video should be construed as financial advice.

[malone_financial]

Do you think the Irish State will breakeven on its investment in AIB, BOI and PTSB?

[mixerD-]

This didn't age well 😂
€1.59 today...