Friday 13 December 2019

Ardagh boss Niall Wall is putting his €2.75m home on the block

Niall Wall is selling Glenthorne
Niall Wall is selling Glenthorne

Nick Webb

Ardagh boss Niall Wall is trying to put together a deal to sell off a bundle of the glass bottle and tin can maker's US assets, in order to satisfy an anti-trust probe related to the $1.7bn acquisition of Verallia from St Gobain.

My sources tell me that a deal is close, with offers on six plants received.

This will remove a speedbump from Ardagh's long-awaited US flotation.

In the meantime, Wall is trying to sell off something closer to home. His home. He has put his swish pad, pictured above, on Dublin's Sandford Road on the market with a €2.75m price tag.

Wall bought the house in late 2007 for around €2.5m. The nine-bedroom red brick has been done up to the nines, and includes everything from a swizzy central vacuum system to a two-bed granny flat and a smoking hot sound system. There's even a trampoline.

Wall is dickying up his new pad in Blackrock, which he bought for €5.25m back in 2012. A truly epic reconstruction and renovation project is under way.

Given that he owns 9.5 per cent of the €2bn plus valued Ardagh, paying a few bills here and there shouldn't be a problem.

Sunday Indo Business

Also in Business