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Larry Goodman to take full control of insolvent Barryroe

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Investors in the troubled offshore energy firm have voted for a rescue plan that will see it focus more on renewable energy projects

Beef baron Larry Goodman is set to take full control of Barryroe Offshore Energy later this week when the High Court signs off on a multimillion-euro rescue plan for the business, which is insolvent and in examinership.

On Friday, Barryroe, which was formerly known as Providence Resources, announced that investors had voted in favour of a rescue plan that will see Lorsden Limited, a Jersey-based company controlled by Goodman, invest more than €6 million.

 

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Barryroe investors back €6 million bailout plan by Larry GoodmanAs part of the rescue plan for the company, which was formerly known as Providence Resources, it will transition to renewable energy projects
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Barryroe investors back €6 million bailout plan by Larry GoodmanAs part of the rescue plan for the company, which was formerly known as Providence Resources, it will transition to renewable energy projects
Source: businessposthq - 🏆 8. / 71 Read more »