Saturday February 22, 2020

COMMENT: ESB U-turn may be due to union fears

The government's apparently last-minute decision not to sell the ESB may have been motivated by fears of union reaction, writes Sunday Business Post editor Cliff Taylor

22nd February, 2012
"It might not have been impossible to find a buyer, but it would have been difficult and the price might have been low."

The real story in today's annoucement of state asset sales is " the dog that didn't bark " - the decision not to sell a minority stake in ESB, as had previously been indicated.

A "Sir Humphreyesque" reason for this U turn was given, in that there were administrative and regulatory complications and that instead some non-core ESB power generating assets might be sold. However is the real reason to keep the trade unions, at least roughly,...

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