Ulster Bank Retail & SME Business Assets Acquisition
Sector: Residential • Location: Ireland
Source: Financial Conduct Authority (FCA)
Acquisition of Ulster Bank's performing non-tracker residential mortgage book (€230m), Lombard Asset Finance loan business (~€400m), and 25 branches across Ireland by Permanent TSB. The transaction is valued at approximately €6.4bn cash consideration plus issuance of shares, subject to regulatory and shareholder approvals, expected to complete by mid-2023. This acqu
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Participants
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Status
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Taiyo last update | 00-00-0000 |
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Contact
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Description
Description | Acquisition of Ulster Bank's performing non-tracker residential mortgage book (~€7.0bn), micro-SME loan book (~€230m), Lombard Asset Finance loan business (~€400m), and 25 branches across Ireland by Permanent TSB. The transaction is valued at approximately €6.4bn cash consideration plus issuance of shares, subject to regulatory and shareholder approvals, expected to complete by mid-2023. This acquisition significantly increases Permanent TSB's mortgage book, business lending, and branch network. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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