Bord Gáis finalises €1.1bn deal to sell energy division to Centrica

UPDATE: Bord Gáis Éireann has entered a definitive agreement to sell Bord Gáis Energy to a consortium comprising Centrica, Brookfield Renewable Energy Partners and iCON Infrastructure.

The sale is expected to close in the second quarter of 2014.

Bord Gáis Éireann has entered a definitive agreement to sell Bord Gáis Energy to a consortium comprising Centrica, Brookfield Renewable Energy Partners and iCON Infrastructure for €1.1 billion, it said in a statement.

The full terms of the sale have been finalised and transaction documentation signed, it said. The consortium had been selected as preferred bidder on 12 December last.

The sale, which is subject to various conditions to closing including regulatory and ...