Friday January 17, 2020

Receiver briefly appointed over Roche family asset after debt row with Lone Star

Lone Star briefly appointed a receiver over the Roche family's 38 per cent stake in NTR last week, before cancelling the appointment after the family discharged its debts.

9th March, 2014

Lone Star, the US investment giant, briefly appointed a receiver over the Roche family's 38 per cent stake in the Irish utilities and infrastructure group NTR last week, before cancelling the appointment after the family discharged its debts.

Tensions erupted last weekend between the two sides over a repayment schedule for €35 million in borrowings, which are secured against the family's stake in NTR.

The fund briefly appointed accountants PwC as receiver over the family's interest...

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