The Sunday Times and Sunday Business Post both report private equity firm CapVest is mounting a bid for One51, the plastics, waste and recycling company, at €1.80 per share.
According to the Sunday Times, CapVest has already contacted a number of big One51 shareholders in connection with its approach for 100 per cent of the company or a minimum 50 per cent stake. The Sunday Business Post says CapVest's interest followed One51's agreement to buy a 67 per cent stake in Canadian firm IPL.
The Sunday Times reports that Independent News & Media is preparing a balance sheet overhaul to allow it to pay dividends for the first time since the crash. The company anticipates a €21 million surplus from this process.
The Sunday Times reports that Clancourt Group, the property company owned by developer Charlie Kenny, has been valued at more than €200 million.
The Sunday Business Post says payments and messaging firm Zamano has received an offer valuing it at €20 million.
The Sunday Business Post also quotes an unnamed water industry source saying water charges cannot be scrapped without the risk of breaching the EU water framework directive.
The Sunday Independent says the Central Bank was examining industry-wide issues with tracker mortgages in the wake of serious regulatory findings against Permanent TSB which cost 22 people their homes. It says the Central Bank confirmed it was investigating other problems with trackers beyond PTSB.
The Sunday Independent says Irish tech firm VoiceSage was the subject of a potential takeover by US group Cameo Global, with talks centring on a deal potentially worth more than €20 million.
