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Economy
In reply to the discussion: STOCK MARKET WATCH - Wednesday, 22 February 2012 [View all]xchrom
(108,903 posts)52. State to sell parts of Bord Gáis and ESB to raise €3bn {ireland}
http://www.irishtimes.com/newspaper/breaking/2012/0222/breaking14.html
The sale of Bord Gáiss energy business will form the main part of the Governments 3 billion disposal of State assets and companies over the next two years.
Minister for Public Expenditure Brendan Howlin this morning announced the list of the assets that the Government has identified for disposal, in line with its agreement with the EU-IMF troika.
Bord Gáiss energy business will be put up for sale as part of a process that could see a new player emerge on the Irish energy market. Bord Gáiss gas transmission and distribution systems and the two gas interconnectors will remain in State ownership.
In a major reverse, Mr Howlin also announced that the Governments previous plan to sell off a substantial part of the ESB will not now go ahead. A report commissioned by Government flagged major regulation, legal and practical difficulties. He said this morning that some of the ESBs non-strategic power generation capacity will also be sold.
The sale of Bord Gáiss energy business will form the main part of the Governments 3 billion disposal of State assets and companies over the next two years.
Minister for Public Expenditure Brendan Howlin this morning announced the list of the assets that the Government has identified for disposal, in line with its agreement with the EU-IMF troika.
Bord Gáiss energy business will be put up for sale as part of a process that could see a new player emerge on the Irish energy market. Bord Gáiss gas transmission and distribution systems and the two gas interconnectors will remain in State ownership.
In a major reverse, Mr Howlin also announced that the Governments previous plan to sell off a substantial part of the ESB will not now go ahead. A report commissioned by Government flagged major regulation, legal and practical difficulties. He said this morning that some of the ESBs non-strategic power generation capacity will also be sold.
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