NTR stake in Green Plains to fall by 4%

IRISH renewable energy group NTR will see its stake in US company Green Plains Renewable Energy, fall by 4% as a result of the latter carrying out a major acquisition.

Thu, 30 Sep, 2010 - 01:00
Geoff Percival

NTR remains the majority shareholder.

Green Plains yesterday announced that it has agreed to buy Minneapolis-based company, Global Ethanol for €124.4 million. NTR currently owns a 35.42% stake in Green Plains.

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