Spat at On€51 worries restless investors

John Hegarty’s offer of seven million shares, possibly at substantial discount, has embarrassed the investment company

17th April, 2010

A national newspaper advertisement flagging the sale of seven million shares in investment company On€51 early last week caused some amusement and surprise in investment circles.

It is highly unusual for an investor to seek a sale in this manner, as was the unabashed willingness of the seller to consider substantial discounts on the stock. It represents around 5 per cent of the company, which holds investments in Irish ferries company ICG and renewable...

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