Departing investors to make €380m from sale of national broadband stake

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Departing investors to make €380m from sale of national broadband stake
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Two US private equity firms are to earn more than €380 million from the sale of their joint 80 per cent stake in National Broadband Ireland.

Two US private equity firms are to earn more than €380 million from the sale of their joint 80 per cent stake in National Broadband Ireland .

Asterion, a Spanish investment firm, closed a deal on Friday to acquire the combined shareholdings of Oak Hill Advisors and Twin Point Capital, making it the largest investor in the company tasked with delivering the state’s multibillion-euro rural broadband scheme.

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