ICG says ‘clear majority’ of investors support €1.2bn deal as it delays vote
Deal had not secured vital 75 per cent shareholder backing before egm was adjourned
How ICG’s push to close €1.2bn buyout in August’s holiday lull backfired
Directors of ferries group are blaming an overly tight voting window that was entirely of their own making for deferral of vote on MBO
ICG’s chairman faces potential revolt if now delayed takeover deal rejected
Independent board delays vote on €1.2bn takeover by management team that had been facing defeat for two weeks
Desmond-backed Datalex weighs capital raise after returning to positive earnings
Total revenue jumped 19% last year to $32.8m with new airline retailing platform accounting for 30%
Teacher credit unions secure overwhelming member backing for merger
Merger between Comhar Linn INTO Credit Union and Education Credit Union sets stage for tie-up with TUI Credit Union in 2027
ICG looks at adjourning egm as CEO takeover bid currently set to be rejected
Ferries operator says it is aware of at least one instance where a shareholder has changed their mind and now intends to back the deal
AIB Life losses reduce as assets under management hit €3.4bn
Fledgling joint venture on track to further reduce losses this year, says spokesman
Parent of recruiter CPL pays maiden €150m dividend five years after Japanese takeover
Payout equates to almost half of the €318m Outsourcing paid for the business in 2021
European shares close little changed amid Middle East tension and Nvidia nerves
Iseq All-Share index rose 0.7 per cent to 14,290.01
Credit unions create company to boost mortgage and business lending
Laws enacted in 2023 allow for greater collaboration between lenders
Major ICG shareholders oppose €1.2bn management buyout as undervaluing group
Dissenting institutional investors claim debt and earnings picture underpinning bid multiple are misleading
Death of Michael Fingleton closes door on dark era for Irish banking
Businessman ran Irish Nationwide for 38 years before spending the last 17 years answering for its collapse
Former Irish Nationwide chief Michael Fingleton dies at 88
Banker built small building society into lending powerhouse before collapse during financial crisis
ICG chief prepares to cast off on Bluefin deal in €1.21bn bid to take over ferry operator
Share buy-backs and stock awards to chief executive Eamonn Rothwell among factors that have limited market liquidity
European stocks close lower after earlier hitting record high
Region’s benchmark index is up 11% so far this year, compared with an 8% advance for the S&P500