herald

Saturday 19 January 2019

ICG eyes takeovers

SHIPPING firm Irish Continental Group said that it would monitor distressed businesses in its sector.

Last year ICG reduced its net debt position from €21.7m to €6.3m, bringing its gearing level from 14.2pc to 3.5pc. Chief executive Eamonn Rothwell said that the company was investigating finding potential acquisition targets.

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