NatWest has taken a further step in exiting the Republic of Ireland market by selling its entire 12% stake in Permanent TSB (PTSB). The sale generated €126 million for NatWest. Analysts anticipate that this divestment will lead to increased investor interest and improved share liquidity for PTSB, with predictions of potential share price gains throughout 2025. This move aligns with NatWest's ongoing strategy to withdraw from its Irish operations. PTSB aims to strengthen its position as a 'third force' in the Irish banking sector following NatWest's exit.
PTSB is predicting stronger investor interest and higher share liquidity after NatWest's €126m exit. Analysts are backing the bank for more gains in 2025. https://t.co/X2kvqGwbHO
Donal MacNamee: PTSB steps closer to ‘third force’ ambition as NatWest sells down stake https://t.co/q0NylUC73n
NatWest exits Irish market as it sells remaining shares in PTSB https://t.co/7eHz5fO3K8