The €1 billion deal announced today between Eddie O’Connor’s Mainstream Renewable Power and Aker Horizons – a subsidiary of €4.4 billion Oslo-listed Aker – is even bigger than it first looks. O’Connor, whose 57 per cent stake in the business is valued at €570 million under the terms of the deal, told The Currency that he is hopeful that Mainstream will float on the stock market within as little as 18 months. He said the transaction will also involve an investment in Supernode, his grid technology start-up. Mainstream’s founder said he had done a fifty-fifty deal with 62-year-old Norwegian billionaire…

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