ICG accused of failing to give proper access

ONE51 Capital and the Doyle Group have become involved in a major row over access to key financial documents belong to Irish Continental Group (ICG).

It has accused ICG of refusing to give it proper access to the company’s books.

The two, who are considering a bid for ICG, said the due diligence, begun on April 13 “has been severely hampered” since the process got underway, because of the group’s failure to provide them with management accounts that are available within the company.