PTSB takeover by Bawag remains on track despite speculative Axis Capital bid

PTSB has confirmed that its planned takeover by Bawag is still proceeding as expected, despite a competing bid from Axis Capital. Axis Capital, co-founded by former banker Mark Duffy, has not yet secured the necessary funding to make a formal offer for the bank. This announcement clarifies the current status of the takeover amid ongoing speculation.

Originally published by gnews