Management buyout of Irish Ferries’ owner was approved by shareholders
FinanceAt an extraordinary general meeting 10 September, 79.2% of Irish Continental Groups shareholders, the owning company behind Irish Ferries, voted in favour of a management buyout.
Irish Continental Group CEO Eamonn Rothwell thereby got his GBP 1.2 billion management buyout bid approved. The bid required the approval of at least 75% of shareholders to go through and, while Irish Ferries’ management team which hold a 23.7% stake, were excluded from the vote.
The bid offers GBP 8 per share for the ferry company, representing a 28.2% premium on the company's closing price before the takeover approach was announced.
Eamonn Rothwell has led Irish Continental Group since 1992.
Read also: Irish Ferries parent ICG to be taken private in EUR 1.2 billion management buyout
© Shippax
sep 11 2026
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