BOUNDARY Capital is to cancel its listing on the Dublin and London stock exchanges because it says it is too expensive to maintain them.

Boundary Capital, today announces that Brunner Limited, a vehicle in which Boundary is the majority shareholder, has agreed to subscribe €65m for approximately 45% of the equity in Art Holdings, a new holding company that will acquire 100% of the activities of the Arnotts Department Store group.

THE global credit crunch has hit Boundary Capital’s plans to sell off its golf and fitness club business.

SHARES in Boundary Capital, the investment vehicle run by Niall McFadden, got off to a flyer on its first day of trading on the Irish stock market.

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