CNG shares soar 13% after takeover approach

SHARES in CNG, the Kenmare-based online travel firm, shot up nearly 13% yesterday after the company said it had received a takeover approach.

In a brief statement to the stock exchange, the company said it had received an “informal and unsolicited approach” which may or may not lead to an offer.

“The approach is very preliminary in nature and there can be no certainty that an offer will ultimately be forthcoming,” it said.