IAWS Co-op examines its flotation options

EVEN before the South Western Services (SWS) deal is sorted one way or the other, IAWS, which has bid €64 million for the group, is reported to be examining its flotation options.

IAWS Co-op boss Philip Lynch will summon shareholders to a meeting where they will vote on changing the status of the co-operative, before the end of May.

If that vote is positive, then Mr Lynch will move to the next phase of creating a market in the shares.