Tuesday 24 January 2017

Bayfield's multimillion float nets O'Sullivan €24m

Published 17/07/2011 | 05:00

Finian O'Sullivan (above), the Galway geologist who made a fortune from selling Burren Energy for €2.1bn to ENI in 2008, is poised to raise €65m when his new company Bayfield Energy floats in London tomorrow.

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Bayfield Energy, which has oil interests in Trinidad and southern Russia, is set to float at 60p per share on London's AIM market. This will value the company at about €145m.

O'Sullivan will own about 16.7 per cent of the oil firm, with his stake worth around €24m.

Sunday Indo Business

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