Deadline extended for ICG offers

THE deadline for offers for ferries group €484 million ICG has been extended until 5pm tomorrow.

A consortium comprised of One51 and Cork-based shipping firm, Doyle Group, were expected to announced a bid for Irish Continental Group (ICG) yesterday but the Irish Takeover Panel said they decided to extend the deadline at the request of the independent directors of ICG.

One51 and Doyle Group emerged in March as potential bidders to buy ICG which operates Irish Ferries, and roll on/roll off services for importers and exporters.