Energia being sued for €3m in dispute over shares in company behind Dublin power plant project

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Energia being sued for €3m in dispute over shares in company behind Dublin power plant project via IrishTimesBiz

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker