NBI seeks to transfer 75% of shares in owner reorganisation

Axa and Allianz are said to be interested in investing in the company established to roll out the country’s multibillion-euro broadband plan

Peter Hendrick, chief executive at NBI: ‘I would expect potentially within quarter three there would likely be a submission to the Department of Communications.’ Picture: Barry Cronin

National Broadband Ireland is set to seek approval to sign off on the transfer of up to 75 per cent of its shares within the next three months as part of a major ownership reorganisation.

NBI, the company established to roll out the multibillion-euro National Broadband Plan, last year hired PJT, the US investment bank, to advise it on the sale of the two largest stakes in the business which are currently held by Oak ...