IFG sells interest in subsidiary

Troubled financial services company IFG has sold 75% of its interest in FIRSL Resources, an employee leasing subsidiary, to a Cypriot company.

SWP Holdings already owned a 49% interest in FIRSL’s main subsidiary. IFG receives just over €30,000 and retains a 25% interest in the business after the deal.

It was also paid a dividend of €259,000 before the deal took effect.