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.

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.