EI gets £15m holding in renamed Kedco

Enterprise Ireland has been given a nearly £15 million holding in biomass energy company React Energy plc, the new brand name for the energy company Kedco.

Cork-based and British AIM-listed React has been undergoing both a restructuring and a re-orientation in recent months, reducing its Irish focus and positioning itself more towards British markets.

As part of that, last week it began the process of liquidating a rump of dormant Irish-registered companies. According ...