French fund and Eamon Waters seen as kingmakers in vote on ICG bid
Irish Ferries' owner subject to proposed management buyout
Irish Ferries' owner subject to proposed management buyout
Eamonn Rothwell’s bid for Irish Ferries parent ICG would be one last big deal for the ‘maritime Michael O’Leary’
Deal had not secured vital 75 per cent shareholder backing before egm was adjourned
Directors of ferries group are blaming an overly tight voting window that was entirely of their own making for deferral of vote on MBO
Independent board delays vote on €1.2bn takeover by management team that had been facing defeat for two weeks
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
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Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes
Based on early proxy votes cast, the €1.2 billion offer by Rothwell and other managers looks set to be rejected
Early proxy votes indicate management-led offer for ferry operator could be turned down
Results come against backdrop of €1.2bn MBO led by chief executive Eamonn Rothwell that would see shareholders paid €8 per share
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ICG management group, led by CEO Eamonn Rothwell, has offered €8 per share to buy the business
Statement comes as a number of shareholders say the offer undervalues the ferry business
Irish Ferries operator is the subject of a management-led buyout, which some stakeholders oppose
Dissenting institutional investors claim debt and earnings picture underpinning bid multiple are misleading
Total eclipse visible from France was filmed for the newspaper from deck of Irish Ferries MV Normandy
Campaigners celebrate shift as farmers and politicians express concern for market access
Share buy-backs and stock awards to chief executive Eamonn Rothwell among factors that have limited market liquidity
Chairman of Irish Ferries owner has been on the board for 38 years. Is he really that independent?
Shares spike above €8 offer price, to €8.08, after weight of buyers delays start of trading
Three Irish public companies are now subject to takeover proposals
Having first camped in France as a teenager, European campsites are the holiday destination of choice for Emer Roche when travelling with her own children
Roll-on, roll-off freight unit traffic rose 5.2% on same period last year, but car volumes were down 2.9% and container freight 3.8% weaker
Irish Ferries parent group defends decision to continue departure from public company governance codes
No flight cancellations yet as Dublin Airport gears up for busiest weekend of 2026 so far
Growth seen across ferries and container divisions
Share buybacks have seen Eamonn Rothwell’s stake in the business jump 50% but, at 71, what is his end game?
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ICG has reduced sailings on Dover-Calais route to redeploy capacity to Ireland-France route
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Chief executive of 33 years now owns just over 20% of parent of Irish Ferries
Passenger revenues rise despite Holyhead disruption after winter storm damage and reduction in sailings on Dover-Calais route
Irish Continental Group saw a marginal decrease in its ferries division due to ‘detrimental impact’ of the port closure
Proxy adviser ISS remains concerned over lack of detail on how bonus of long-time chief executive Eamonn Rothwell is assessed
Paul Balfe of fuel supplier Circle K says move ‘a significant step towards cleaner maritime operations’
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Irish Continental Group seeing return to more normalised market after Holyhead closure
Port owner Stena Line says opening would provide access for both Stena and Irish Ferries ships operating on the route between Holyhead and Dublin
Stormy conditions and damage to ferry at Fishguard compound festive season challenges for hauliers as Holyhead port remains closed
About 100,000 people will need to make alternative arrangements over Christmas with Holyhead Port remaining closed following storm damage
Still unclear when ferries will resume sailings between Dublin and Holyhead as freight companies suffer extra costs and ferry services establish alternative routes
As concerns rise over the likelihood of the Welsh port not reopening before Christmas, what are the situations and options facing intending passengers?
Irish trucking business head says ‘we have never seen anything like what is going on this week’
Two ferries have been at sea since Friday, ferry tracking websites show, as Ulysses remains docked in Dublin
Growth follows recent launch of Dover-Calais route and return of travel patterns towards pre-pandemic levels
Revenue at Irish Continental Group up 8.3% in first four months of 2024
Proxy adviser ISS urges shareholders to reject company’s remuneration report at forthcoming agm
Oil prices briefly rose above $89 a barrel for the first time since October, which led to falling stocks in the travel sector
Irish Continental Group chief executive Eamonn Rothwell receives €1m in share payments and another €1.5m in options at current values
Weak Chinese demand led to a fall in container volumes, says Irish Continental Group
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