Entrepreneur to gain almost €8 million in dividends from his stake in FBD
EAMON Waters, the entrepreneur who sold his Ballymount waste management company Beauparc Utilities to Australian investment bank Macquarie and Real Assets, is set to get roughly €7.8m in dividends from FBD this year after building a large stake in the insurer with proceeds from the sale of the waste company.
Tomás Ó Midheach, the FBD chief executive, announced a special dividend of €1 per ordinary share on Friday’s interim results as part of a distribution of surplus capital that had been promised in March.
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