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Friday 1 August 2014

PTSB joins court bid

Published 20/12/2013|02:30

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Permanent TSB on St. Stephens Green
Permanent TSB on St. Stephens Green

PERMANENT TSB (PTSB) can fully participate in a legal action against the Finance Minister next month in which some shareholders are seeking to overturn the minister's order for the €2.7bn recapitalisation of the institution, formerly Irish Life & Permanent (ILP).

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The three-judge Supreme Court yesterday unanimously set aside a High Court order allowing limited participation in the case to Permanent TSB Group Holdings plc and Permanent TSB plc and ruled they could fully participate as notice parties.

Irish Independent

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