Cork shipping group buys ICG shares

Shipping company Doyle Group has bought a 1.3% stake in Irish Continental Group.

Cork shipping group buys ICG shares
Wed, 21 Mar, 2007 - 14:50

Shipping company Doyle Group has bought a 1.3% stake in Irish Continental Group.

The Cork-based firm bought 310,000 shares at €20, giving a total outlay of €6.2m.

Irish Continental shares are currently at €20.10, well above the €18.50 agreed by a management buy-out team with the company.

Doyle Group employs 300 in Dublin Port, Cork, Foynes and Belfast.

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