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Market Volatility Behind Denis O’Brien Decision Not To Float Digicel

Market volatility is reported to have been behind Denis O’Brien's decision not to float his telecoms company Digicel.

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The u-turn came just 72 hours before shares were due to begin trading on the New York stock exchange.

The Irish Times reports that despite significant support for the IPO from a high quality group of investors, market conditions had impacted the transaction’s momentum.

The deal was reported to be worth around 2 billion dollars.

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