Carroll raises ICG stake

PROPERTY developer Liam Carroll has increased his stake in Irish Continental Group to 19.1%, bringing his holding into line with the management’s percentage of the company.

They are locked in a takeover battle for the ferry operator with Moonduster, led by businessman Philip Lynch, where each side has offered €22 per share to buy the car ferry operator.

Meanwhile, Mr Carroll who has not made his intentions known on ICG, has, through South Morston Investment, built up a stake of 4.51 million shares in the Dublin-based company.