One51’s NTR stake jumps €40m

THE investment of €120 million in NTR by One51 chief Philip Lynch looks set to pay dividends for One51, with the 26% share in the company now valued at €160m.

One51’s NTR stake jumps €40m
Tue, 31 Jan, 2006 - 00:00
Brian O'Mahony, Chief Business Correspondent

Last year One51 boss Lynch shelled out €120 million in buying up 26% of the stock of NTR, the toll-road to wind-and-waste management group. One51, formerly IAWS Co-Op, is one of Ireland’s leading investors in the waste, energy and related sectors.

Mr Lynch plans to bring One51 to market this year.

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CourtsPlace: IrelandPlace: West Link toll bridgePerson: Philip LynchPerson: LynchPerson: RocheOrganisation: One51Organisation: NTROrganisation: IAWS Co-opOrganisation: AirtricityOrganisation: Greenstar
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