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Greenstar in receivership

Ireland’s biggest waste firm has said collections will continue as normal after the company went into receivership.

In a statement Greenstar, part of the NTR group, said it would trade as normal for 80,000 residential and 15,000 business customers.

“All Greenstar operations are continuing as normal without interruption. There is no change to collection times or to services.”

The High Court appointed David Carson of Deloitte as receiver on 23 August after banks demanded immediate repayment of loans. The firm is reported to owe just under €84m (£66m) to seven banks.

Greenstar’s board of directors told Irish media they were disappointed that the banks had demanded payment without any prior notice.

A statement issued by NTR said: “Greenstar Ireland, its Board, management and shareholders have made every effort to reach an agreement with the Banks to secure the future of the business and its employees.

“At this time, the banks have made their own decision about how they want to move forward and the future of the company is now in the hands of the receiver.”

Carson told the Irish Times he intended to sell Greenstar as a going concern.

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