Bord Gais Eireann sale process to begin in "coming weeks"

State-owned Bord Gais Eireann is expected to start the sale of its energy unit, comprising retail and power generation, “in the coming weeks,” the Department of Energy said.

17th April, 2013
Bord Gais Energy may be valued at as much as €1.4 billion.

State-owned Bord Gais Eireann is expected to start the sale of its energy unit, comprising retail and power generation, “in the coming weeks,” according to the Department of Communications, Energy and Natural Resources.

The department was answering queries posed to it on the matter by Bloomberg News, the newswire service reported. An information memorandum on the business will be issued to interested parties to formally begin the process, the Department said in an...

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