NTR investors in €275m share windfall

INVESTORS in NTR, the renewable energy to waste management group, fully endorsed the €275m share buy-back of the group an extraordinary general meeting in Dublin yesterday.

Fri, 27 Jun, 2008 - 01:00

The proposed redemption price of €6.65 was determined by the board on the advice of US investment bankers Morgan Stanley.

The decision results in a massive windfall of close to €100m to the family of the late Tom Roche Snr, founder of the company.

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CourtsPlace: DublinPlace: GermanyPlace: IrelandPlace: USPlace: BritainPerson: Tom Roche SnrPerson: Philip LynchPerson: Jim BarryOrganisation: NTROrganisation: Morgan StanleyOrganisation: One51Organisation: EGMOrganisation: West-LinkOrganisation: AirtricityOrganisation: GreenstarOrganisation: Imagine Communications
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