NTR to Spin Off European Wind Assets to New Holding Company
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NTR Plc, a Dublin-based investor of clean-energy technologies, plans to spin off its European wind energy business.
NTR will be re-named Atlas Plc after the spinoff and manage the company’s wastewater-treatment facilities, toll-road concessions and energy-storage projects, it said in a statement. Its European wind energy assets will be owned by a holding company to be called NTR Plc and is offering to buy current shareholders out for 2.25 euros ($2.49) apiece.