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Plenary Group sells 49% stake to ADQ

Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.

Firm co-founded by major Shamrock Rovers shareholder sells 49pc stake for AU$1bn

Shamrock Rovers co-owner Ray Wilson’s infrastructure investment firm Plenary Group has been valued at around AU$2bn (€1.2bn) after selling a 49pc stake to a fund controlled by the oil rich government of Abu Dhabi.

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