Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:15 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Therefore, the bank is looking for €100 million to €150 million, touring the markets and has met potential investors. Mr. Masding has said there is interest in the bank's story. The question is how much of the bank is potentially up for grabs. What percentage stake in the bank is it looking to dispose of to raise the €100 million to €150 million? Is it seeking to raise more than the minimum required?

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