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News emerged that Lion Capital, which has a five per cent interest in Arysta, is to sell off its shares in the group through Credit Suisse, reports the Irish Times.
A trader based in the Irish capital told the newspaper: "The trade is going to happen [in Switzerland] so we just have a reflection of that in Dublin."
Meanwhile, the Swiss bank said it had begun an accelerated bookbuilding of as many as four million shares, saying in a statement: "The shares offered represent Lion Capital's entire holding in Aryzta."
The bakery group was originally formed after the merger of the Swiss baker Hiestand and the IAWS Irish food group.
By lunchtime today, the Iseq stock market index was nearly two per cent higher than in the previous session.
