The IAWS Co-op has increased its stake in utility National Toll Roads (NTR) by adding a further 6 per cent to take its share of the utility of 26 per cent.
The co-op - which owns 10 per cent of listed consumer and agri-foods group IAWS but is a separate entity - now owns 6,247,250 shares in the company.
Today's announcement follows a series of purchases of NTR stock by the IAWS Co-op in recent months in which it has spent more than €100 million securing its stake.
At the start of this investment policy IAWS C o-op said its strategy was to invest in companies likely to deliver shareholder value.
NTR operates a number of toll roads including the east and west links and owns waste management and environmental services company Greenstar.
NTR is also part of the Celtic Roads Group .