Dublin investment firm One51 said it may opt to sell shares in its environmental services business.
At the company's annual meeting in Dublin this morning chief executive Officer Philip Lynch said "we have an environmental-services business that could be listed. It's one of the things we are looking at."
One51's stock trades on the "grey market," an informal market for shares that aren't listed on an exchange. Such trading often precedes actual sales of stocks and other securities.
One51 bought five metal-recycling companies and stakes in two electronic-goods recyclers last year. It also contributed to an offer for Irish Continental, sparking a bidding war with a company management team. Both bids failed.
One51 has about €300 million ($478 million) available, including loans and cash flow from its businesses, Mr Lynch said.
The investor is looking at "numerous value-realization options" in the next 12 to 18 months, he said, without elaborating.
Mr Lynch said in the company's annual report in May that One51 had a "strong pipeline of potential targets and investment opportunities."
Bloomberg