Desmond approval key to One51 flotation plans

Tycoon's assent needed company is to join Dublin and London’s junior stock markets

3rd April, 2016
4
Billionaire financier Dermot Desmond holds just over a fifth of recycling firm One51.

As so often in corporate Ireland, the decision will come down to Dermot Desmond. And in the case of the plastics and recycling group One51, its plan to float on the stock market will require his seal of approval as the company’s largest investor.

Last year, Desmond, who has emerged as the owner of just over a fifth of the company, blocked an attempt by CapVest, a private equity firm, to buy the...

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