Thursday 22 February 2018

IFG notes share price rise since buyout offer

FINANCIAL services group IFG has noted its share price increase since the company received a buyout offer.

Shares in IFG gained 23.5pc to €2.10 on Friday, amid reports it had received a buyout offer.

The company confirmed it has received an approach which may or may not lead to an offer to acquire the company.

"The company notes the share price movement since the announcement of 20 December 2013 regarding a possible approach," it said in a statement today.

"The company re iterates that the approach received is highly conditional and preliminary in its nature and that no assurances can be given that a formal offer will be forthcoming or that any transaction will occur."

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