NTR could float some subsidiary businesses

NTR could consider the possibility of publicly floating some of its subsidiary businesses over the long-term, in a bid to raise further funds.

Speaking after the group’s annual general meeting in Dublin yesterday, chief executive Jim Barry said that while a public listing wouldn’t suit NTR on a group basis, at the moment, the board could be open to floating part of the business on a subsidiary level at some point in the future. Although he stressed nothing of that sort is planned for the foreseeable future.

NTR’s shares – which were trading at around €2.50 yesterday – trade via the grey market.