Connective says it transferred its shares on the basis that Energia would pay it €3.5 million, in two payments, the first being €500,000, which was paid. The second was to be €3 million once the project received certification on completion.
It remains incomplete and Energia now intends to sell the company without completing it, Connective says. Karol McElhinney, a director of Connective, said in an affidavit that it appears from Energia’s most recent accounts that it has invested €24 million in Huntstown and will now try to recover all or part of its investment.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: