IFG share offer successful

Dublin: Financial services group IFG has said its shareholders have applied for 55.61% of the new shares made available through its open offer, which closed on Thursday.

That percentage represents just over 26.8 million new ordinary shares. The remaining shares of the 48.3 million total are to be allotted to Fiordland – a company established to take part in the share offer – bringing its total stake in IFG to 17.6%.