Mastodawn

News Headlines | Court of Appeal schedules another PTSB hearing in July

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The Court of Appeal has scheduled a further hearing for 8 July in the dispute over PTSB’s €1.6 billion takeover by Austria’s BAWAG, after a small group of shareholders—led by former investment banker Piotr Skoczylas of Scotchstone Capital, who own less than 1 % of the bank—failed to obtain a stay on an extraordinary general meeting set for 30 July. The shareholders argue that Finance Minister Simon Harris, who holds 57.5 % of PTSB on behalf of the State, should be classified differently from other shareholders, a point the High Court said will be addressed later when the takeover is reviewed by the courts. Harris supports the BAWAG offer, and the outcome of the July 8 hearing could determine whether the July 30 EGM proceeds, although PTSB notes the classification issue will be decided at a later stage.

#PermanentTSB #BAWAG #PiotrSkoczylas #SimonHarris #HighCourt

The Bad Place 6d ago

News Headlines | High Court allows PTSB's EGM to go ahead in July

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The High Court has cleared the way for an extraordinary general meeting of PTSB on July 30, allowing shareholders to vote on a €1.6 billion takeover of the bank by Austria’s BAWAG. A minority group of shareholders holding less than 1 % of the stock, led by Piotr Skoczylas of Scotchstone Capital, had asked the court to consider whether Finance Minister Simon Harris—who controls 57.5 % of PTSB on behalf of the state—should be classified differently from other investors. Justice Mark Sanfey ruled that the issue of shareholder composition can be addressed later when deciding whether to sanction the BAWAG acquisition, refused the request for a stay of the meeting, and noted his decision does not prejudice the minority shareholders, who plan to appeal to the Court of Appeal.

#HighCourt #PTSB #BAWAGgroup #SimonHarris #PiotrSkoczylas #ScotchstoneCapital #MarkSanfey #AppealCourt #business

The Bad Place 6d ago

News Headlines | High Court allows PTSB's EGM to go ahead in July

AI generated summary, Read the full article for complete information.

The High Court has approved an extraordinary general meeting of PTSB for July 30, allowing shareholders to vote on a €1.6 billion takeover by Austria’s BAWAG. A small group of shareholders, owning less than 1 % of the bank, challenged the classification of Finance Minister Simon Harris—who holds 57.5 % of PTSB on behalf of the state—as a “different animal” from other investors. Justice Mark Sanfey ruled the issue could be addressed later when the court decides on the takeover, rejecting a stay request from shareholder Piotr Skoczylas, who plans to appeal.

#HighCourt #PTSB #BAWAG #SimonHarris #MarkSanfey #PiotrSkoczylas

The Bad Place Apr 21

News Headlines | Vodafone Ireland announces €360m investment

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Vodafone Ireland announced a €360 million investment in the country, comprising €200 million for its mobile network and €160 million for digital and IT upgrades through 2030. The funding is aimed at readying the network for the next evolution of 5G‑enabled technologies such as AI, IoT and smart‑city applications, as well as enhancing customer platforms and critical infrastructure. The announcement coincided with the opening of Vodafone’s new headquarters at Dublin’s St Stephen’s Green, with CEO Sabrina Casalta highlighting the pledge to deliver faster, more reliable connectivity, and Finance Minister Simon Harris and IDA Ireland’s Michael Lohan noting the boost to national infrastructure, jobs and Ireland’s appeal to multinational businesses.

#VodafoneIreland #SimonHarris #SabrinaCasalta #IDAIreland #business #MichaelLohan

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Home ━ The European Conservative [Unofficial]Apr 12

Ireland Calls Emergency Cabinet Meeting Over Fuel Cost Protests

https://fed.brid.gy/r/https://europeanconservative.com/articles/news-corner/ireland-calls-emergency-cabinet-meeting-over-fuel-cost-protests/

The Bad Place Apr 8

undefined | Buses ‘trapped’, Luas disruption and massive travel headaches as protests block Dublin; fear of pumps running dry in west as oil depots targeted

Fuel‑price protests have now spread across Ireland, with slow‑moving convoys of hauliers, farmers and contractors blocking major routes in Dublin, Galway, Limerick, Cork and other towns. O’Connell Street and the adjacent bridge in the capital were shut down, trapping buses and halting Luas services, while fuel depots at Foynes, Galway and the Galway port were sealed off, raising fears that pumps in the west could run dry. The blockades have also forced diversions on the N21, Ballysimon Road, the Macroom bypass and other key arteries, creating severe travel headaches for commuters and threatening supply chains nationwide.

Protesters argue that soaring diesel costs have pushed their operating expenses to unsustainable levels – a heavy‑duty tractor now costs €700 to fill, an increase that some claim adds up to €70,000 in monthly diesel bills for larger operations. Their demands centre on a cap on agri‑diesel (165‑170 c per litre for white diesel and 90 c for green diesel), the abolition of the carbon tax and excise duty on diesel, and a broader price‑cap on petrol and diesel. Many plan to remain in their vehicles overnight, saying they cannot afford to “go home” until the government offers tangible relief, and they warn that continued blockades could cripple the economy, especially in the west where fuel supplies are already constrained.

The government has responded with a series of high‑level meetings and public statements. Tánaiste Simon Harris said officials are working “hour by hour” on energy security, confirming that transport and agriculture ministers have met with hauliers and farming bodies. While the state stresses that national fuel stocks remain robust, it acknowledged the immediate impact of the Galway blockade and is considering intervention to keep port access open. Ministers have also noted a recent €6 million rise in excise‑duty receipts from higher fuel prices, but maintain that broader economic measures are needed, urging protesters to engage through conventional channels rather than disruptive actions.