One51 seeks to raise funds for acquisitions

Niche investment group One51 is to embark on a significant capital raising round in the coming weeks, in order to finance acquisition-led growth in its key plastics and hazardous waste divisions.

Chief executive Alan Walsh said at the company’s AGM in Dublin yesterday, the board will be seeking shareholder support for the move and that capital raising options are being evaluated.

While he also said that the amount of funds to be raised will be decided, “post shareholder engagement”, it is believed One51 is looking to raise substantially more than the €20m, or so, previously speculated upon.