Vayu founder sells stake for €10m

The founder of Irish energy firm Vayu has netted almost €10 million from the sale of his majority share in the company to Glencore, the international commodities giant.

16th April, 2011

The founder of Irish energy firm Vayu has netted almost €10 million from the sale of his majority share in the company to Glencore, the international commodities giant.

Tony Ennis sold his 51.1 per cent stake in Vayu to Swiss based Glencore, which has owned 27 per cent of the Irish firm since 2006. Terms of the deal have not been disclosed, but it is understood that Ennis received close to €10 million and the...

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