South Western Services buy-out ‘close’

AN IAWS Co-op takeover of South Western Services in Bandon is said to be tantalisingly close after months of uncertainty over the deal.

But some sources suggest that the deal could be undermined by the IAWS swoop on NTR shares in recent weeks which saw IAWS spend close to €130 million getting a substantial minority stake in the business.

That process has further to go, it is understood.