IRISH CONTINENTAL

Irish Continental Group posted first-half revenue of €359.9m (+16.1%). Operating profit and profit before tax fell slightly, diluted earnings per share rose to 12.5 cents, and EBITDA increased to €58.9m. Net debt rose to €176.5m, weighed down by higher fuel, environmental and port and ship operating costs. Ahead of the recommended takeover offer of €8.00 per share, the board will not propose an interim dividend for 2026. » Más en de.investing.com

Bluefin Bidco Limited said it will not increase the financial terms of its recommended cash offer for Irish Continental Group and regards them as final. Adjustments are only possible if a third party announces an offer or the Irish Takeover Panel consents; the consideration may be reduced by dividends or repayments announced before the takeover. The offer is structured as a High Court‑sanctioned Scheme of Arrangement. Institutional Shareholder Services recommends institutional shareholders vote in favour of the resolutions required for approval; Goodbody is acting as BidCo’s financial adviser. » Más en de.investing.com

Irish Continental Group has agreed to a management-led takeover offer from Bluefin Bidco worth about €1.2bn. Bluefin is offering €8.00 per share in cash, a 28.2% premium to the closing price; the independent board unanimously recommends the offer. Management currently holds roughly 23.7% of the shares, is selling about one third for €90m and is contributing the remainder into the takeover structure, supplying around 30% of the combined equity. The transaction is to be implemented by court sanction, remains subject to shareholder and regulatory approvals and is expected in Q4 2026. » Más en de.investing.com