O’Connor energy firm may get cash injection from state fund
A state-backed investment fund has opened discussions on a multimillion-euro cash injection for the loss-making energy company founded by former Bord na Móna chief executive Eddie O’Connor.
Bluebay Ireland Corporate Credit, which was backed with €200 million from the national pension reserve fund, is understood to be in negotiations with O’Connor’s Mainstream Renewable Power over a corporate loan to refinance existing debt at the company.
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