Friday 2 December 2016

O'Rourke offloads ICG stake

Published 12/06/2011 | 05:00

RAY O'Rourke's Laing O'Rourke -- the biggest privately owned construction company in Europe -- has recently sold its stake in Eamonn Rothwell's Irish Continental Group (ICG).

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Laing O'Rourke had been linked with the company when it was being fought over by Liam Carroll and the Philip Lynch-led Moonduster consortium. It held a 2.3 per cent stake.

Speculation has surrounded ICG for a number of months, although Rothwell recently told shareholders he had no plans to bid for the group.

Sunday Indo Business

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