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.

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 ...