One51 to raise €100m to fund new purchases

ONE51 is about to raise €100 million through a loan note issue that will carry carrying a compound annual interest return of 4%.

Formed out of IAWS Co-op, One51 will use the money to fund acquisitions in the waste and wind energy sectors in Ireland.

Last night a company spokesman said due diligence was nearing completion and details of the deal could be revealed in a few weeks.