That's the risk that exists for a publically traded company.
FR could dump their shares tomorrow, depress the share value, allowing a predatory hedge fund to hover up the 29% (maybe more) This could then lead to asset stripping of the company. It has already been noted that EI is worth more than it market capitalisation implies.
EY have hinted that they would like to increase their stockholding but unless they do a deal directly with FR or the Govt then this scenario could occur.