PTSB SHAREHOLDERS HAVE approved a €1.6 billion takeover by Austrian bank. The purchase of PTSB by Austria’s fourth-largest bank, BAWAG PSK, was unanimously recommended by the PTSB Board back in April. The shareholders voted at two meetings held in the Conrad Hotel in Dublin this morning to consider the matter. Julie O’Neill, chair of the PTSB Board, remarked that while there are important steps to complete before the transaction is finalised, “this is a very significant day”. She also thanked finance minister Simon Harris and the government for its support of since the financial crisis.