Bord Gáis Energy first state asset on the market

It is hoped that the sale of Bord Gáis Energy will net the state up to €1.5 billion, writes Samantha McCaughren.

18th May, 2013
Bord Gáis headquarters in Dublin: between eight and ten parties have expressed interest in its sale. Photo: Photocall

The long-awaited sell-off of Irish state assets finally started this month, with Bord Gáis Energy (BGE) becoming the first asset to go on the block. There is interest from several international utility players in the business but, as with any big ticket sale, it's all about price.

The state is obviously under pressure to maximise the cash it gets in the deal. But buyers will be slow to pay over the odds for...

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