This is unexpected; I thought, after the rejection by ESOT, that FR would gradually begin to offload some of its shareholding, but they're not giving up yet. They seem to have conceded that they won't take over full control, so what is the gameplan here? Why buy more shares if they know they won't have full control; doesn't 19% say "we're interested in EI's future" just as well (and €85m cheaper) than 25%?
It's going to be interesting to see how this pans out ...
http://www.rte.ie/aertel/p107.htm