The company announced that it is raising €250 million to fund an international expansion. National Toll Roads (NTR), Airtricity’s 51 per cent shareholder, is stumping up €127.5 million to maintain its stake and Airtricity will be valued at €800 million. The deal rightly got widespread coverage in the media, but with little analysis.
For one, entrepreneur Sean Quinn is selling his 13 per cent stake in Airtricity, having doubled a €35 million investment in...
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