NTR stake in GPRE to fall to 40%

Renewal energy group NTR will not participate in an$80 million (€59 million) share offering by Green Plains Renewable Energy (GPRE), which will result in NTR’s stake falling from 45 per cent to around under 40 per cent, it is understood.

27th February, 2010

Renewal energy group NTR will not participate in an$80 million (€59 million) share offering by Green Plains Renewable Energy (GPRE), which will result in NTR’s stake falling from 45 per cent to around under 40 per cent, it is understood.

Ethanol producer GPRE, which is quoted on the Nasdaq, announced last week that it plans to place 5 million shares. The ethanol sector in the US is hugely fragmented and it is expected that the...

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