Strategic fund invests €50m ahead of Malin flotation

The Government’s investment fund aimed at supporting economic activity and creating jobs across the country has made an Irish-headquartered life sciences firm the first beneficiary of its investment programme.

The Irish Strategic Investment Fund (ISIF) is to invest €50m in Malin Corporation which will complete its €330m floatation on the Irish Stock Exchange today.

The investment is the first made by the ISIF, which is managed by the National Treasury Management Agency (NTMA), since it was formally established in December 2014.