NTR to buy out One51, Pageant Holdings

NTR will sell its US wind energy assets and buy out the interests of One51 and Pageant Holdings.

The proposal breaks an impasse between the firm’s three major shareholders that came to a head on September 5 at the AGM.

One51, which has a 23.6% shareholding in NTR and Pageant, which has 10%, opposed NTR’s strategy of investing in European wind energy assets.