Desmond raises One51 stake

22nd August, 2015
Dermot Desmond is understood to have increased his stake in One51

The billionaire financier Dermot Desmond is understood to have increased his stake in One51 further last week, as shares in the business continued to change hands for between €1.80 and €1.85.

The move pushed Desmond’s investment vehicle IIU’s holding in the waste-to-plastics business above 20 per cent, but not significantly so.

Desmond moved two weeks ago to acquire more shares in One51 after CapVest, a European private equity firm led by Cavan...

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