Bawag Group AG will reduce investor payouts and rely on significant risk transfers to fund the €1.62 billion ($1.9 billion) acquisition of Ireland’s third-largest lender, Permanent TSB.
Bawag Plans Dividend Cut, SRTs to Help Fund Permanent TSB Deal
Bawag Group AG will reduce investor payouts and rely on significant risk transfers to fund the €1.62 billion ($1.9 billion) acquisition of Ireland’s third-largest lender, Permanent TSB.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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