BGE sale will include €400m debt

Some €400 million of debt will transfer with Bord Gáis Energy when it is sold by the state later this year.

18th May, 2013

Some €400 million of debt will transfer with Bord Gáis Energy (BGE) when it is sold by the state later this year, The Sunday Business Post understands. The group has around €2.27 billion in debt and how this debt is allocated between BGE and the remaining networks business will influence the price paid.

It is believed that up to ten interested parties have sought the information memorandum (IM) for the €1 billion-plus sale...

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