The Chief Executive Officer of the Irish Continental Group (ICG), Eamonn Rothwell, has raised his stake in the ferry, freight transport, and terminal business to almost 22%.
The stock exchange shows under new filings that the 70-year-old CEO has lifted his holding in the Dublin-listed company, which owns brand divisions including Irish Ferries, to 21.65% from slightly over 20%.
The CEO controls the stake directly and through his Irish-based Rokeby Investments vehicle, whose directors are Mr. Rothwell and his wife, Clodagh Moreland.
As filings show, on 2 January his stakeholding increased in Irish Continental, where the group registered address and head office is Ferryport, Alexandra Road, Dublin 1, which forms part of the port's terminals with its ferry and container operations.
Currently his stake is valued at €196m based on ICG’s €905m market capitalisation.
For more than a decade, Mr. Rothwell has gradually increased his holding in the company whose ferry operations link Ireland and Britain, the UK and France, and Ireland and France.
For much more, the Irish Independent reports here on the group, which also owns the EUCON container operation with a lo-lo fleet and container terminals, Dublin Ferryport Terminals (DFT) and Belfast Container Terminal (BCT), within the two main ports on the island of Ireland.
The container route network connects Dublin, Cork, and Belfast with the continental ports of Rotterdam, the Netherlands, and Antwerp in Belgium.
