The Irish Times also reports that online hostel booking company Web Reservations International (WRI) is examining the possibility of a trade sale of the firm as an alternative to a flotation of the business in turbulent stock markets.
Newly-installed chief executive Feargal Mooney said the firm would engage in a transaction or reorganise its shareholder base "as soon as the right opportunity presents itself", but he declined to specify a deadline for any deal or name companies that might be approached if a sale process went ahead.
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WRI Examines Possibility of a trade sale as alternative to floatation.
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