Reports of talks between Fexco and CNG

It’s being reported that Fexco is in talks to acquire Kenmare based travel company CNG. However both companies have declined to comment on the speculation. CNG announced last month that it had received an informal and unsolicited approach which may lead to an offer on the company, however it’s believed that this does not relate to Fexco. Just under 70 staff are employed at the CNG headquarters in Kenmare, and a further 280 across Europe and the US.