Investment fund with stake in country's toll roads may buy into Ringsend incinerator

Investment fund with stake in country's toll roads may buy into Ringsend incinerator

A Dutch investment fund with shares in toll roads across the country is set to take a stake in the Ringsend incinerator in Dublin.

The move was approved by European competition authorities earlier this month.

DIF Management part-owns the M50 toll and the Eastlink, along with stakes in toll roads across the national motorway network.

The Sunday Times reports the Dutch firm has now signalled its interest in buying into the Ringsend incinerator.

It was opened in 2017 after years of controversy and planning appeals, operated by the American waste management company Covanta.

Australian investment bank Macquarie bought a 50% share the same year, but now it is planning to sell some of it off.

The plant burned 279,000 tonnes of refuse last year and posted a loss of €49m.


More in this Section

Debenhams workers in Cork, Limerick and Dublin set to picket stores todayDebenhams workers in Cork, Limerick and Dublin set to picket stores today

Ryanair, EasyJet and BA end legal action as UK scraps quarantine ruleRyanair, EasyJet and BA end legal action as UK scraps quarantine rule

Donohoe hints at longer Covid-19 wage scheme durationDonohoe hints at longer Covid-19 wage scheme duration

Taxi drivers demand mandatory mask-wearing by passengersTaxi drivers demand mandatory mask-wearing by passengers


Lifestyle

All eyes are on America for Independence Day - so what happens when the country's borders reopen again? Tom Breathnach gets the lowdownAltered States: What will tourism in the US look like after lockdown?

From days by the seaside to adrenaline-filled days riding rollercoasters, Leinster offers staycationers major bang for their buck.Staycations 2020: Leinster, where Eastern promises are delivered in full

Des O'Sullivan previews the diverse items that will spark interest among collectorsAntiques: From a sword to crystal chandeliers and a dictionary

Kya deLongchamps strikes up the band for some lesser copied American mid-century talentIt's July 4 so let's strike up the band for American designs

More From The Irish Examiner