Completion of Asset Sale

RNS Number : 5008P
Permanent TSB Group Holdings PLC
18 November 2016
 

Statement by Permanent TSB Group Holdings plc

 

Headline: Sale completed of Non-Core UK loans.

 

18 November 2016.

 

On the 27th October 2016, Permanent TSB Group Holdings plc announced details of an agreement with an affiliate of Cerberus Capital Management, L.P. for the disposal of circa GBP£2.29 billion of loans held by the Group's UK subsidiary, Lansdowne 199 Ltd.

 

Permanent TSB Group Holdings confirms that the sale of these assets has now completed and settled in line with the terms set out in the disclosure of the 27 October 2016.

 

End.

 

 

Contacts

Investors and Analysts

Rajesh Manirajan
Head of Investor Relations
rajesh.manirajan@permanenttsb.ie
+353 1 669 5622

 

Media

Ray Gordon
Gordon MRM
ptsb@gordonmrm.ie
+353 87 241 7373

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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