WHEN Philip Lynch scooped up 25% of NTR’s shares — at a cost of €135 million — in late 2004, investors and punters alike were very puzzled.

HOLDING company One51 led by high profile businessman Philip Lynch has added to its growing list of operations.

ONE51, one of the contenders to buy car ferries group ICG, has achieved a 20% gain in its share price on its debut on the grey market in Dublin.

THE Irish Takeover Panel has refused a request by the independent directors of car ferries group IFG to instruct Moonduster to submit a bid by October 31.

A MAJOR row has erupted between the two bidders for car ferries group ICG.

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).

ONE51’s annual general meeting last week failed to generate even one question from the floor despite the smouldering battle it has been engaged in for control of car ferries group ICG.

THE independent directors of Irish Ferries operator, ICG, have given the two rival companies fighting to buy the company until this Thursday to sort out the bidding stalemate for the firm.