Energy

Larry Goodman to take full control of insolvent Barryroe

Investors in the troubled offshore energy firm have voted for a rescue plan that will see it focus more on renewable energy projects

Larry Goodman: Lorsden Limited, a Jersey-based company controlled by Goodman, will invest more than €6 million in a rescue plan for Barryroe Offshore Energy. Picture: Collins, Dublin

Beef baron Larry Goodman is set to take full control of Barryroe Offshore Energy later this week when the High Court signs off on a multimillion-euro rescue plan for the business, which is insolvent and in examinership.

On Friday, Barryroe, which was formerly known as Providence Resources, announced that investors had voted in favour of a rescue plan that will see Lorsden Limited, a Jersey-based company controlled by Goodman, invest more than €6 million.

As ...