PTSB maintained BAWAG deal: Bawag stock loses 1.04 percent

Published on 10/09/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PTSB named October 27, 2026, for the High Court hearing on the BAWAG deal. Bawag stock costs EUR 166.15 after EUR 167.90.

Key points in brief

PTSB maintained the recommended BAWAG offer on October 5, 2026, with a High Court hearing scheduled for October 27.
The second-quarter 2026 net income was EUR 255.00 million, with a 28.70 percent return on tangible common equity.
Bawag stock was trading at EUR 166.15 at Lang & Schwarz on October 9, 2026, down 1.04 percent versus the prior close.

Bawag, AT0000BAWAG2, Illustration mit AI erstellt.

PTSB maintained the recommended BAWAG offer on October 5, 2026, while Bawag stock was trading at EUR 166.15 at Lang & Schwarz, down 1.04 percent from the prior close of EUR 167.90. The court timetable gives investors a dated test for the EUR 1.62 billion Permanent TSB transaction, while second-quarter results provide the operating counterweight.

Three milestones shape the deal

According to TradingView on October 5, 2026, PTSB said it remained focused on the board-recommended BAWAG offer after shareholders approved it on July 30, 2026. The same release records BAWAG PSK's firm intention to make the offer on April 14, 2026.

The chronology matters because the proposal has moved from bidder selection to shareholder approval and now to court sanction. The October 5 update also states that the remaining conditions include approval at the High Court hearing scheduled for October 27, 2026.

What does the court date mean for BAWAG

Börse Global reported on September 13, 2026, that the High Court hearing concerns the legal completion of the acquisition and that management expected full completion in the fourth quarter of 2026 or the first quarter of 2027. The reported purchase price is EUR 1.62 billion, including a cash offer of EUR 2.97 per PTSB share.

The transaction arrives alongside strong reported profitability. In the second quarter of 2026, BAWAG generated net income of EUR 255.00 million, return on tangible common equity of 28.70 percent and a cost-income ratio of 31.00 percent, according to Börse Global. The company had also reaffirmed a 2026 net income target above EUR 960.00 million, according to the same report.

Results arrive before the hearing

The next scheduled reporting date is October 19, 2026, according to Yahoo Finance. That places the earnings update before the October 27 court hearing, giving the market two separate dates for judging operating performance and transaction progress.

Stock trades below prior close

Bawag stock was trading at EUR 166.15 at Lang & Schwarz on October 9, 2026 at 11:53 a.m. CEST, down 1.04 percent versus the prior close of EUR 167.90 on October 8, 2026. The primary listing is on the Vienna Stock Exchange in EUR, where the ticker is BG.VI.

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