Revealed: The Chinese investors prepared to save OpenHydro
The firm’s founding shareholders have assembled a number of potential backers, including a mining giant, to help it escape liquidation
Minority shareholders in OpenHydro, the insolvent Irish-French tidal energy company, are engaging with a number of potential Chinese investors in an attempt to piece together a rescue plan to save the business from liquidation.
Brendan Gilmore and Donal O’Flynn, two of the company’s founders, have sourced three interested parties who they believe could provide the funding required to commercialise the technology that OpenHydro has been developing. Gilmore and O’Flynn are backed by a number of...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures