Bord na Mona sells 50pc stake in Limerick firm

Firm says there was a change to when reserve levels are measured. Stock image.

John Burns

Bord na Móna says it achieved a “significant return” from selling a 50pc stake in Viotas, a smart-grid technology firm with headquarters in Limerick.

While officially the semi-state would only say it achieved a “significant return” on its initial investment, sources say there was a 20-fold return.