Eir back in play as investor set to take control

Eir looks to be back in play with US hedge fund Anchorage Capital set to take a controlling stake on the back of one of the Irish communications company’s investors selling out of the business.

Eir — which has had seven owners since the late 1990s and shelved plans for a second IPO in 2014 — has ultimately been owned by its senior lenders for the past four years.

New York-based Anchorage is already Eir’s main shareholder, with a 36.4% stake.