Group to meet over ICG bid

MOONDUSTER and its top advisers will meet early next week to decide its next move in the €600 million battle for control of car ferries firm Irish Continental Group (ICG).

This was confirmed yesterday by a spokesman for the consortium, following the increased offer of €24 tabled by Aella on Monday, on behalf of the top management.

Aella’s improved bid broke the stalemate in the bidding process, moribund since it had matched Moonduster’s €22 a share offer for the group, made on June 20, 2007.