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NatWest Group PLC on Monday said it it would sell its entire remaining stake in Ireland’s Permanent TSB Group Holdings PLC through a placing to institutional investors. The Edinburgh-based lender said it would sell 63.6 million shares, representing a roughly 11.7% interest in Permanent TSB, through an accelerated book building process. At Permanent TSB’s closing share price on Monday of €2.16, the stake is worth around €137.4 million. On completion of the placing, NatWest is expected to exit its interest in PTSB in full. Goldman Sachs International and JP Morgan Securities PLC are acting as joint bookrunners in connection with the placing. NatWest received an original 16.7% stake in PTSB in late 2022 as part payment for Ulster Bank loans it sold to PTSB. Ulster Bank is part of NatWest Group. In 2023, NatWest sold 27.3 million ordinary shares in Permanent TSB, reducing its stake from 16.7%. Shares in NatWest closed up 0.2% at 492.70 pence each in London on Monday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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