Moonduster bids to end ICG impasse

A SOLUTION to the ongoing battle for control of Irish Ferries operator Irish Continental Group (ICG) has been proposed by bidders Moonduster.

Moonduster, which involves One51 and Doyle Group, said it would be prepared to take part in a competitive bidding process if management buyout vehicle Aella, which is also interested in ICG, agrees.

A statement released by Moonduster yesterday said: “To date no response has been received from or on behalf of the independent directors as to whether they have been able to procure the participation of Aella plc in such a process.”