Shares in investment company to trade on stock markets

SHARES in Boundary Capital, the investment vehicle controlled by Niall McFadden, will begin trading on the Dublin and London stock markets.

The company, which has substantial stakes in office management firm Veris, building site company Siteserv and book publisher CJ Fallon, will raise €25.2 million in fresh equity and have a market value of about €53m.

Mr McFadden, the sole shareholder at present, will see his stake diluted to just over 44%.