IFG not ruling out future acquisitions
Speaking after its AGM in Dublin yesterday, the group’s chief executive, Mark Bourke said while acquisitions are not management’s main current priority, IFG had looked at every opportunity that had come to market, of late, but had been unimpressed with quoted valuations. However, Mr Bourke said management will continue to look at opportunities.
He added that while there hasn’t been a huge amount of consolidation in IFG’s areas of interest of late — independent financial advisory and specialist pension administration — he expects more activity over the next 18 months; adding that, with its strong balance sheet, IFG can be heavily involved.
