Australian hedge fund enters billion-dollar race for Viridian

Viridian is one of the largest suppliers and generators of energy in the North

27th March, 2016
AMP Capita operates the Convention Centre in Dublin Pic: RollingNews.ie

AMP Capital, the €90 billion Australian hedge fund, has entered the bidding war for electricity utility company Viridian.

Viridian, which trades in the Republic as Energia, is one of the largest suppliers and generators of energy in the North, with a significant portfolio of wind farms and conventional electricity plants, including at Huntstown in Dublin.

It is believed that AMP is prepared to pay up to €1 billion for the company, which is owned by...

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