After a number of years of sometimes divisive debate about the group’s strategic future, shareholders in National Toll Roads (NTR) has agreed to a de-merger of the company and the establishment of a separate company which will focus on European wind energy assets, which will keep the name NTR.

Major shareholders such as 151 and Pageant have already signalled they won’t remain shareholders in the new wind company and will redeem their shares in that business at €2.25 per share – assuming the overall restructuring is approved by the High Court.

The company holding the remaining assets in Irish motorway tolls; and various environmental businesses will be renamed Altas Investments Plc.

The new NTR has existing on-shore wind assets in Ireland, Britain and Europe and will have an initial capital fund of up to €170m to acquire and develop additional wind farms – including €120m from third party investors.

NTR chief executive Rosheen McGuckian joined Business Breakfast this morning - she says that an IPO is not in the company's current plans. 

She added that the company is attracted to the wind energy market by the longterm yields that it offers.