Axis weighs EUR 3.20 offer for Bawag stock

Published on 10/14/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Axis weighed a EUR 3.20 cash offer on October 12, 2026. Bawag stock costs EUR 169.15 on October 14, 2026, while second-quarter revenue was EUR 522.00 million.

Deal challenge and earnings dates

Axis weighed a EUR 3.20 cash offer for Permanent TSB on October 12, 2026.
Second-quarter revenue rose 7.90 percent to EUR 522.00 million.
Bawag stock traded at EUR 169.15 at 10:40 a.m. CEST at Lang & Schwarz on October 14, 2026.

Bawag, AT0000BAWAG2, Illustration mit AI erstellt.

Bawag (ISIN AT0000BAWAG2) traded at EUR 169.15 at Lang & Schwarz on October 14, 2026 at 10:40 a.m. CEST as Axis weighed a EUR 3.20 cash offer for Permanent TSB on October 12, 2026. The possible bid challenges BAWAG's planned EUR 2.97-per-share transaction and puts the October court timetable at the center of the deal.

Axis raises the takeover stakes

According to Morningstar on October 12, 2026, Axis valued its possible cash offer at EUR 3.20 per Permanent TSB share, or EUR 1.74 billion for 545.0 million shares. The figure is 7.70 percent above the EUR 2.97 consideration under the BAWAG scheme, which values the Irish lender at EUR 1.62 billion.

The proposal remains conditional. TradingView carried an Axis release stating that no financing had been committed and that no firm offer had been made. For Bawag, the issue is execution risk around an acquisition already approved by Permanent TSB shareholders.

Three deal milestones with figures

On April 14, 2026, BAWAG PSK announced a firm intention to acquire Permanent TSB for EUR 2.97 per share, according to the TradingView reproduction of the regulatory announcement. Shareholders then approved the transaction on July 30, 2026, with approximately 91.28 percent of votes cast in favor.

The latest operating comparison is also substantial. Simply Wall St reported that second-quarter 2026 revenue rose 7.90 percent year over year to EUR 522.00 million, while net income increased 37.00 percent to EUR 255.00 million. The margin rose to 49.00 percent from 39.00 percent, with lower expenses identified as the main driver.

What dates matter next?

MarketWatch lists October 19, 2026 as the expected reporting date for third-quarter 2026 results. The Permanent TSB court sanction hearing is scheduled for October 27, 2026, according to Morningstar.

Stock price and deal risk

Bawag stock was trading at EUR 169.15 at Lang & Schwarz on October 14, 2026 at 10:40 a.m. CEST. The Vienna listing was identified as BG, with a 52-week range of EUR 103.80 to EUR 184.60 and market capitalization of EUR 13.0 billion as of October 14, 2026.

The further course of trading is shown by the continuously updated real-time quote of Bawag stock.