(Il Sole 24 Ore Radiocor) - Milano, 18 mar - Permanent TSB (PTSB) said that the Austrian bank Bawag is one of a number of parties participating in the formal sale process to buy the Irish bank.

The sale was announced by PTSB on October 30.

The sale process remains ongoing, and PTSB continues to engage with all parties participating, it added.

The objective of the sale process remains the same; "to identify a new owner that will enable PTSB to continue building on its recent strategic and financial progress, and to support the company in the next phase of its growth and.

strategic development," it added.

(RADIOCOR) 18-03-26 11:58:47 (0258) 5 NNNN