One51 to keep NTR stake

One51 to keep NTR stake

One51, the former IAWS Coop, is expected to follow its money in NTR when the utilities company goes back to investors in the autumn with a €150million rights issue.

One51, the former IAWS Coop, is expected to follow its money in NTR when the utilities company goes back to investors in the autumn with a €150million rights issue.

The investment holding company headed up by Philip Lynch will need to stump up about €39 million to maintain its 26 per cent holding in NTR. The large stake, which was acquired for an estimated €120million, was worth €238 million this weekend.

One51 confirmed last week that is was...

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