Lynch snaps up 8.6 per cent of IFG

One Fifty One, the Philip Lynch-led investment vehicle, has bought a strategic 8.6 per cent stake in stock market-listed financial services group IFG.

17th March, 2007

One Fifty One, the Philip Lynch-led investment vehicle, has bought a strategic 8.6 per cent stake in stock market-listed financial services group IFG. Details of the IFG investment were released just days before One Fifty One announced that it had bought a 5.6 per cent stake in Irish Ferries operator ICG.

Lynch is sitting on a multimillion euro war chest, and it is not clear at this stage whether he intends to increase his company’s shareholdings in...

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