Departing investors to make €380m from sale of national broadband stake
Spanish firm Asterion has bought out two major shareholders of the company delivering Ireland’s national rural broadband network, which between them had less than €1 million equity in the firm
Two US private equity firms are to earn more than €380 million from the sale of their joint 80 per cent stake in National Broadband Ireland (NBI).
Asterion, a Spanish investment firm, closed a deal on Friday to acquire the combined shareholdings of Oak Hill Advisors (OHA) and Twin Point Capital, making it the largest investor in the company tasked with delivering the state’s multibillion-euro rural broadband scheme.
In an interview with the Business Post, ...