NTR move may lead to listing

IRISH renewable energy group, NTR, has committed itself to “a significant liquidity event” within two to three years which could see the former toll roads operator seeking a mainstream public listing.

Shareholders were told yesterday, at the group’s annual general meeting in Dublin, that a range of options were open. While management is not committing to any specific one at this stage, the options include a distribution of surplus cash, the sale of assets and the partial or full flotation of the business.

Previous liquidity policies saw the sale of the West-Link toll facility and wind energy company Airtricity — when more than €250m was disbursed to shareholders and a proportion of the group’s debt was repaid.