There has been quite a bit of media coverage around the NBP in recent months, particularly before Christmas. It has mainly focused on missed targets, on how very little of the investors’ own money has gone into the NBP, on how it is funded, on the complicated corporate structure and so on. The big takeaway was about the expectation that €175 million in equity was to be put in by those who won the tender. We were told that this had been promised. The expectation was that this equity would be put in but in fact, ther…