Tuesday 10 December 2019

Billionaire investor Wilbur Ross rules out stake in Permanent TSB

Wilbur Ross
Wilbur Ross
Donal O'Donovan

Donal O'Donovan

US billionaire Wilbur Ross has ruled out investing in Permanent TSB, saying he'll "be faithful" to Bank of Ireland.

Wall Street titan Wilbur Ross famously tripled his money after buying shares in Bank of Ireland in 2011 and selling them this year to scoop around  €477m in profits.

In an interview with Bloomberg TV today he appeared to rule out making a similar play for Permanent TSB, which is on the road seeking investment.

“Having gone to the dance with Bank of Ireland and we had a very good waltz with them, I think we’ll be faithful to it,” he said.

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