Roche buys €21 million in shares to boost stake in NTR to 43.2%

IN a dramatic development NTR chairman Tom Roche has purchased the remainder of shares held in the group by John Gallagher for a price believed to be over €21 million.

The deal gives Mr Roche and his family 43.2% of NTR.

The purchase is seen as a blocking response to the build up of a 20% stake in the company by IAWS Cooperative led by Philip Lynch who is said to have ambitions to float the co-op.